Thane, Jan 19 (PTI) A 54-year-old businessman was allegedly duped of Rs 30.3 lakh by three persons who lured him into investing in a hotel in Maharashtra's Thane district, police said on Friday.

Based on a complaint, an offence was registered under section 420 (cheating) of the Indian Penal Code at the MFC police station in Kalyan on Thursday, an official said.

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The complainant, who has a real estate business, has alleged that the accused lured him to invest in a hotel and took Rs 30.3 lakh from him between June and September 2023, he said.

When the complainant asked the accused about the progress of the project, they gave him evasive replies, following which he lodged a complaint, the official said, adding that no arrest has been made in the case so far.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)