The RCF Police in Chembur have registered a case against a Jaipur-based man and his associate, a woman from Nagpur, for allegedly cheating a city-based businessman of more than Rs 1.06 crore under the guise of offering lucrative returns from an import-export business involving cashew nuts and teakwood.

The police said the complainant, 52, runs a construction material supply and transport firm based in Chembur. In his statement, he said that the two accused — identified as Maheshkumar Daulatram Motiani, 38, from Jaipur and his business partner and alleged girlfriend, Jyotsna Yuvraj Choudhari, 45, from Nagpur — induced him to invest in their companies, promising returns of up to 30 per cent within weeks.