A 22-year-old woman, who wanted to take a loan of Rs 1 lakh, was allegedly cheated by two persons to the tune of over Rs 14 lakh by posing as executives of a finance company, police said on Wednesday.

The victim’s father, who was a business head with a reputable company in the city, had deposited around Rs 18 lakh into her bank account after his retirement. Out of this, the woman had spent Rs 1 lakh for personal reasons, which she wanted to replenish, an officer from Naupada police station said.