The police on Friday said that a tax consultant from Navi Mumbai was allegedly cheated of Rs 1.35 crore by four persons who assured to arrange a loan for him for a construction project, reported news agency PTI.

Based on a complaint, the Thane police have registered a case against four persons under section 420 (cheating) of the Indian Penal Code for the offence that took place over a period of seven years, an official said, reported PTI.

The 33-year-old complainant had purchased land in Nagla village, Vasai taluka in Palghar district to set up his firm, and he was trying to arrange a loan for this through a company in January 2019.