A cloth merchant from Bhiwandi in Thane district of Maharashtra has allegedly been duped of more than Rs 1 crore by two traders hailing from Ahmedabad, police said on Monday, reported the PTI.

The accused duo used to purchase goods from the merchant regularly and initially settled the dues regularly. However, later they defaulted on payments amounting to Rs 1.14 crore from September 2023 till now, an official said quoting the FIR, as per the PTI.