India, Oct. 16 -- A New Delhi-based businessman and a city doctor fell prey to Navi Mumbai cyber frauds and were duped of Rs.2.25 crores and Rs.1.07 crores, respectively. While the businessman was asked to pay the amount as a processing fee for an international loan of €150 million, the doctor was scammed in a trading fraud.

According to the police, the first case was of a retired senior citizen, a businessman from New Delhi with an office of his firm in Vashi. The businessman was on the lookout for international funding of €300 million to set up affordable medical facilities in Kolhapur and Jalna when he was approached by the accused, claiming that he could arrange a €150 million loan through an associate in Singapore....