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India: Businessman falls prey to ‘money doubling’ scam, loses Rs20 million
One arrested from Mumbai while four others are on the run
- PTI
- Updated: Sun 30 Apr 2023, 5:02 PM
A man has been arrested from Mumbai while his four accomplices are on the run for allegedly cheating a businessman from Maharashtra’s Thane district of Rs20 million under the pretext of doubling the money, police said on Sunday.
The accused persons showed the victim a bogus email and documents in the name of an international bank to gain his trust, an official said.
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However, they never paid the promised money and also refused to return Rs20 million, which he gave them to double. The businessman later approached the police, he said.
A case was registered under various sections of the Indian Penal Code and the Information Technology Act.
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