Navi Mumbai police have registered a case against a woman who allegedly posed as an official from a nationalised bank and defrauded the Mumbai Metropolitan Region Iron & Steel Market Committee of over Rs 54 crore, an official reported on Tuesday.

According to a complaint filed by the Kalamboli-based committee, the woman addressed its members and office bearers in June 2022, pretending to be a manager of a nationalised bank in Panvel. She acquired their trust and persuaded them to put the committee's funds in fixed deposits, offering great interest rates and supplying forged documents as proof, stated a report in PTI.