A 60-year-old powerloom owner from Thane’s Bhiwandi area has alleged he was duped of Rs 1.5 crore by three individuals who promised to procure new machinery for his textile unit. 

According to the complaint filed at the Shanti Nagar police station, the victim handed over the amount in January 2024. However, despite multiple follow-ups, the accused failed to supply the equipment or return the money, reported the news agency PTI. 

Based on the complaint, an FIR was registered on Wednesday, a police official confirmed.