Nagpur Brothers Accused of ₹2.10 Crore Land Fraud Using Cancelled Power of Attorney
In a significant financial crime case in Nagpur, three brothers have been formally charged by police for allegedly defrauding a 60-year-old furniture seller of a staggering ₹2.10 crore. The fraudulent scheme involved the misuse of a previously cancelled power of attorney to illegally sell the victim's agricultural land without his knowledge or consent.
Details of the Alleged Fraudulent Transaction
The complainant, identified as Sanjay Jaiswal, is a resident of Dhurkheda who jointly owned a parcel of agricultural land located in Wadoda, within Nagpur's rural jurisdiction, along with other legal heirs. The three accused brothers—Ramanakar (56), Madhukar (54), and Srinivas Korpati (52)—all residents of Mauda, had initially been granted a power of attorney specifically for handling registration and government-related work concerning the property.
Critical Development: This power of attorney was subsequently cancelled by Jaiswal, effectively revoking the brothers' legal authority to act on his behalf regarding the land. However, investigators allege that the brothers proceeded to enter into a fraudulent sale agreement with another individual, Motilal Chaudhary, a resident of Manish Nagar. Through this illicit transaction, they allegedly pocketed the entire sum of ₹2.10 crore.
Discovery and Police Action
The elaborate fraud came to light only after an advertisement concerning the land transaction was published in a local newspaper. Upon seeing this public notice, Sanjay Jaiswal realized his property had been sold without his authorization. He immediately approached the authorities to file a formal complaint.
Following a preliminary investigation, Nagpur police have registered a comprehensive case against all three Korpati brothers. The charges relate to conspiracy, cheating, and criminal breach of trust under relevant sections of the Indian Penal Code. Law enforcement officials are now actively investigating the full scope of the fraud, including the role of the buyer, Motilal Chaudhary, and examining all documentation related to the cancelled power of attorney and the subsequent illegal sale agreement.
This case highlights serious vulnerabilities in property transaction safeguards and serves as a cautionary tale for landowners regarding the management of legal documents like powers of attorney. Authorities are urging citizens to maintain meticulous records and verify the status of such authorizations regularly to prevent similar fraudulent activities.
