Woman duped of Rs 94 lakh after equipment mortgaged without her knowledge

Police have registered a case against three persons and a finance company for allegedly cheating a 40-year-old woman by taking a loan of Rs 94 lakh after fraudulently mortgaging her firm's equipment in Navi Mumbai, an official said on Monday.

The accused connived and informed the businesswoman that a private company run by her was to get a tender from a firm in Amravati and availing loan was necessary for the same.

They mortgaged the machinery of the victim's company, obtained a loan of Rs 94,86,728 and siphoned it off, the official from Vashi police station said.

The victim later approached the Vashi police and filed a complaint.

The police on Saturday registered a case against the accused under relevant legal provisions, the official added.