Gurugram police have arrested two individuals, including a director of an infrastructure firm, for allegedly cheating a man of Rs 5.5 crore in a real estate fraud. The arrests were made after a complaint was filed by the victim, who claimed that the accused promised to provide prime land but failed to deliver.
Details of the Fraud
The victim, a resident of Gurugram, was approached by the accused in 2021 with a proposal to purchase a plot of land in a prime location. The accused allegedly convinced the victim to invest Rs 5.5 crore, assuring him of high returns. However, after receiving the money, the accused neither transferred the land nor returned the amount.
The victim repeatedly demanded his money back, but the accused kept making excuses. Finally, the victim filed a complaint with the Gurugram police, who registered a case under relevant sections of the Indian Penal Code.
Police Investigation and Arrests
During the investigation, the police found that the accused had used the money for personal expenses and other investments. The two accused were identified as the director of an infrastructure firm and his associate. They were arrested from different locations in Gurugram.
The police have recovered some documents and bank statements related to the fraud. Further investigation is underway to trace the money trail and identify any other victims.
Modus Operandi
The accused allegedly targeted individuals looking for prime real estate in Gurugram. They would promise attractive deals and then disappear after receiving the money. The police suspect that more people may have been cheated by the same duo.
The accused have been remanded to judicial custody. The police are also probing the role of other officials in the infrastructure firm.
This case highlights the need for due diligence when investing in real estate. The police advise citizens to verify the credentials of property dealers and avoid making large payments without proper documentation.
