<p>A 47-year-old garments merchant from Mysuru says he lost Rs 1 crore to a gang that promised him a business loan of Rs 100 crore. </p>.<p>Electronics City police have booked three people for cheating based on a complaint by Vincent, the affected businessman. </p>.<p>Vincent, who's into the export and import of garments, had been looking to borrow Rs 100 crore to expand his business. He got to know one Sanjay Shukla through a mutual friend named Subramani. Shukla promised the loan at a 1% commission and asked Vincent to pay the sum to his boss who he said runs a private company in Chandigarh. </p>.<p>Vincent agreed, and a meeting was arranged with two other people named Rahul Tiwary and Ashraf Khan at a hotel in Electronics City, South Bengaluru, on January 26. Vincent paid them Rs 5 lakh in cash at the hotel and another Rs 30 lakh, also in cash, on January 27. He later transferred Rs 63 lakh to a bank account given by them and another Rs 2 lakh in cash on January 29. The suspects promised to transfer Rs 100 crore to his bank account by that evening but instead disappeared. </p>.<p>Vincent realised the cheating and filed a police complaint. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>A 47-year-old garments merchant from Mysuru says he lost Rs 1 crore to a gang that promised him a business loan of Rs 100 crore. </p>.<p>Electronics City police have booked three people for cheating based on a complaint by Vincent, the affected businessman. </p>.<p>Vincent, who's into the export and import of garments, had been looking to borrow Rs 100 crore to expand his business. He got to know one Sanjay Shukla through a mutual friend named Subramani. Shukla promised the loan at a 1% commission and asked Vincent to pay the sum to his boss who he said runs a private company in Chandigarh. </p>.<p>Vincent agreed, and a meeting was arranged with two other people named Rahul Tiwary and Ashraf Khan at a hotel in Electronics City, South Bengaluru, on January 26. Vincent paid them Rs 5 lakh in cash at the hotel and another Rs 30 lakh, also in cash, on January 27. He later transferred Rs 63 lakh to a bank account given by them and another Rs 2 lakh in cash on January 29. The suspects promised to transfer Rs 100 crore to his bank account by that evening but instead disappeared. </p>.<p>Vincent realised the cheating and filed a police complaint. </p>.<p><strong>Check out DH's latest videos:</strong></p>
