The Malad police have booked a Gujarat-based businessman for allegedly cheating at least 15 people to the tune of Rs 94.15 lakh. The accused, Sanjay Kabira, 35, would get people to invest money in his car rental company offering high returns and also took money under the pretext of offering well-paying jobs abroad.

The fraud came to notice when a 53-year-old businessman from Dahisar filed a complaint against the accused. As per the complaint, the victim got to know the accused through a common friend five years ago. Kabira had asked the victim to invest money in his car rental business, but he refused.