The police on Friday said that a Thane businessman from was allegedly cheated of Rs 1.27 crore by a trader in a deal to supply gravel, reported news agency PTI.

The Vartak Nagar police on Wednesday registered a first information report (FIR) against a businessman based in Vishakapattam in Andhra Pradesh, under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code (IPC), an official said, reported PTI.