NEW DELHI, Sept. 6 -- Two men have been arrested for allegedly duping a dairy businessman of over Rs 2.15 lakh by posing as representatives of a finance company and offering him a loan in northeast Delhi, police said on Saturday.
Police said the complainant, Waseem (30), who runs a dairy business in Ghaziabad, received a call on February 25 from a man introducing himself as an executive of a reputed finance firm.
The caller assured him of a loan but insisted that purchasing an insurance policy was mandatory for approval.
"Believing him, Waseem transferred Rs 2,15,681 into multiple bank accounts towards policy fees, bank charges, and loan processing costs. He was issued fake insurance policies in the name of reputed firms," a senior polic...