An official on Saturday said that the police have registered a case against six persons for allegedly cheating a 45-year-old businessman from Vashi in Navi Mumbai of Rs 15 lakh on the promise of providing a loan of Rs 5 crore to him, reported news agency PTI.

The accused approached the victim in August 2022 and made him believe that they were representatives of a finance company and would arrange a loan of Rs 5 crore for him. After he was convinced, they asked him to pay Rs 15 lakh as processing fee. The victim paid the amount, the official said while sharing an update on the Navi Mumbai crime, reported PTI.