Chennai: A day after an Erode-based businessman, who runs a milk production company, was tricked of Rs 1 crore on the promise of Rs 50 crore credit, the city police formed four special teams to nab the fraudsters, on Friday.
According to police, Mohanasundaram (55) of Erode was in need of Rs 50 crore as loan to develop his business.
“Knowing this, two persons - Gandhi Lal and Ramkumar had established a contact with Mohanasundaram and promised him Rs 50 crore loan for Rs 1 crore commission,” police said.
The duo had asked him to come to Karpagam Avenue in Raja Annamalai Puram with Rs 1 crore. Believing them, he reached the spot on Thursday evening. The suspects took him to a nearby restaurant and bought him a coffee. When Mohanasundaram was drinking the coffee, they escaped with his cash bag. Shocked by this, Mohanasundaram lodged a complaint at Foreshore Estate police station.Based on his complaint, the police have registered a case and formed special teams to nab the tricksters.