Mumbai(PTI): A Mumbai-based businessman has lodged a cheating case against Bollywood actor Shilpa Shetty, her husband Raj Kundra and some other persons for allegedly duping him of Rs 1.51 crore, a police official said on Sunday.

The FIR was registered on Saturday at Bandra police station based on a complaint by businessman Nitin Barai.

The complainant alleged that in July 2014, Kaashif Khan, the director of SFL Fitness company, along with Shetty, Kundra and others asked him to invest Rs 1.51 crore into the enterprise to earn a profit.

The complainant claimed he was assured that the SFL Fitness company will provide him a franchise and open a gym and spa at Hadapsar and Koregaon in neighbouring Pune, but it did not materialise, as per the FIR.

Later, when the complainant sought his money back, he was allegedly threatened, the police official said quoting the complaint.

Based on the complaint, the Bandra police registered the FIR under various Indian Penal Code Sections, including 420 (cheating), 120-B (criminal conspiracy), 506 (criminal intimidation) and 34 (common intention), he said, adding that an investigation into the case was underway.

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Mumbai: Ratan Tata, the revered 86-year-old former chairman of the Tata Group, passed away at Breach Candy Hospital on Monday due to age-related health complications. His demise marks the end of an era for the Indian business world.

Tata, known for his integrity, leadership, and philanthropy, was a towering figure in Indian industry. He was admitted to the hospital recently, where he was undergoing treatment.

Confirming the news, Harsh Goenka, Chairman of RPG Enterprises, took to social media to express his condolences. In a heartfelt tweet, Goenka said, "The clock has stopped ticking. The Titan passes away. #RatanTata was a beacon of integrity, ethical leadership, and philanthropy, who has imprinted an indelible mark on the world of business and beyond. He will forever soar high in our memories. R.I.P."

More details on the funeral arrangements are awaited as the nation mourns the loss of one of its greatest icons.