Handcuffed hands beside scattered property documents and paperwork illustrate a land fraud racket busted during a police investigation, in a generic editorial news image.
Ahmedabad: Navrangpura police have registered three separate complaints against a city-based property and building material trader, who has been accused of cheating three businessmen of Rs 5.4 crore through property deals and commercial transactions. In one complaint, a building material supplier alleged that the accused and his son purchased material worth Rs 37 lakh from his firm between May and July, while assuring him of properties in exchange. He also claimed he paid Rs 25 lakh in cash for proposed deals and gave three cheques worth Rs 61.8 lakh along with 18 blank cheques. In another complaint, a property dealer said he paid Rs 2.5 crore for a 5,115 sq m plot in Muthiya village after being told the land could be sold at a profit. A third businessman alleged he was duped of Rs 2.3 crore in a transaction for two residential plots in Manipur village.
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Navrangpura police said the complaints were registered and further investigation was under way. However, promised shops in Gota and flats in Shahibaug and Nikol were never transferred. He later found that the property was mortgaged to an NBFC. The accused allegedly promised to clear the balance through building materials but did not do so. Download the TOI App.
The complaints, lodged on Thursday, state that the accused allegedly won the trust of the businessmen by offering properties, plots and flats against payments and supplies of building material.