A Nagpur-based businessman was duped of Rs 5.39 crore by a gang of 18 persons on the promise of high returns on investment in foreign countries, a police official said on Monday.
The Economic Offences Wing official said Ankurkumar Agrawal, a coal trader, registered a case with Dhantoli police station based on which a probe began.
“As per Agrawal, a man identified as Mandar Kolte got in touch with him and lured him into a plan about investing in foreign countries. Kolte was assisted by 17 persons, most of them from Mumbai. They even took Agrawal to various five star hotels for meetings to convince him,” the official said.