Margao: Sanguem police have booked a case of cheating and criminal breach of trust against five persons from Mangaluru, who allegedly defrauded a businessman of Rs 1.8 crore in a fake loan scam.Piyush Jari, the proprietor of Albys Agro Pvt Ltd at Xelpem, Sanguem, in his complaint to Sanguem police, said that between March and April 2025, the accused persons approached him with an offer of providing a business loan of Rs 200 crore to his company.The accused allegedly persuaded Jari to pay Rs 1.8 crore as stamp duty charges, claiming that it was 1% of the promised loan amount. Jari made several transactions into the bank account provided by the fraudsters.However, Jari said, after receiving the payment, the accused failed to disburse the loan.The five accused have been identified as Yogesh Sawant, Jaiswal, Roshan Saldanha, R K Nayak, and Reddy, all natives of Mangaluru. The accused persons have been booked under various sections of the Bharatiya Nyaya Sanhita, 2023, for cheating and criminal breach of trust.Further investigation is under way.
