Thane bizman duped of Rs 35 lakh

Thane, Feb 7 (PTI) A city-based businessman was allegedly duped to the tune of Rs 35 lakh by four persons on the pretext of providing him loan, police said today. The victim Pravin Bacchav wanted a loan of Rs 10 crore for his business in 2010. He was approached by his friend Anil Patil from Jalgaon and introduced him to his acquaintances Jatin Shah, Ritesh Gupta and Sandeep Singh, assuring that they would help him secure the amount, they said. "However, the accused extracted Rs 35 lakh from Bacchav on one pretext or the other in the last two years before they started taking calls from the businessman and became untraceable, said police inspector Hemant Sawant. Bacchav recently lodged an FIR with police under sections 465 (punishment for forgery), 468 (forgery for purpose of cheating) and 420 (cheating and dishonestly inducing delivery of property) of Indian Penal Code, police said, adding no arrest has been made yet in this connection. PTI CORR NSK