A man from Chennai, who came down to the town on Thursday following the lure of lucre, has been cheated of Rs 17 lakh.
Joseph Stalin was running a business after securing loan from different banks in his home state. He came in contact with Rajkumar, Baburaj and Shanmuga Sundaram, also from Chennai, who offered Rs 35 crore loan at a very low rate of interest.
The trio allegedly brought Joseph to Gundlupet. It was after arriving here that they demanded Joseph for relevant documents and Rs 17 lakh to secure the amount.
They also promised Joseph of bearing 15 lakh of the total Rs 32 lakh for registration. Joseph who believed them allegedly gave the amount. As promised, the trio gave Joseph Rs 15 crore. Two locals Narayan and Eshwar were the brokers for the deal.
Shock awaited Joseph when he came to know that the cash brought in trunks were not genuine. The fraudsters had topped wad of paper with genuine currency.
The police have registered a case and have arrested Narayan and Eshwar. The search is on for the remaining accused.
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