<h1>Businessmen Create 50+ Fake Companies, Exploit Identities in Massive Rs 155 Crore Fraud Network Exposed</h1> Police in Nagpur uncovered a Rs 155 crore fraud involving businessmen who created fake companies using unsuspecting individuals' identities. The group registered approximately 50-60 bogus companies, conducted fraudulent transactions, and generated fake invoices. Four individuals were arrested after a victim reported identity misuse. Investigations suggest the actual fraud scale could be much larger, potentially involving thousands of crores and multiple accomplices across banking and administrative systems.