Gurgaon Businessman Duped of Rs 54 Lakh in Real Estate Scam
In a high-profile fraud case, a businessman from Gurgaon was lured into investing Rs 54 lakh in a fake real estate scheme, only to be left with nothing but empty promises and dishonoured cheques.
Real Estate FraudInvestment ScamGurgaon BusinessmanHigh ReturnsEconomic Offences WingReal Estate NewsJan 05, 2025
The fraudsters, posing as real estate businessmen, initially approached Babu Lal in 2020 with a lucrative investment proposal, promising high returns.
Over the next few years, they managed to secure his trust through frequent meetings and persuasive tactics.
According to the complaint, Babu Lal transferred Rs 39.27 lakh via online transfers and handed over Rs 15 lakh in cash to the accused, Pankaj Shahi, Prashant Verma, Deepak, Nikita Verma, Abhishek Tanti, and Rajan Bhatia.
The money was supposedly for investment in a real estate project.
Frequently Asked Questions
What led Babu Lal to invest in the real estate scheme?
The fraudsters approached Babu Lal with a high-return investment proposal and built a relationship of trust over time through frequent meetings.
How much money did Babu Lal lose?
Babu Lal lost a total of Rs 54 lakh, with Rs 39.27 lakh transferred online and Rs 15 lakh given in cash.
What steps did the fraudsters take to avoid repayment?
The fraudsters issued dishonoured cheques, sent a fake email about property allocation, and threatened physical harm. They also changed their phone numbers and absconded.
What legal action has been taken?
The police have registered a case under sections 406 and 420 of the IPC, and the case has been handed over to the economic offences wing for further investigation.
How can one avoid such scams in the future?
It is crucial to conduct thorough due diligence before making any investment, especially in high-return schemes. It is also advisable to seek legal advice and verify the credentials of the individuals or companies involved.
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