Protection Racket Hits Delhi Real Estate: Businessman Asked to Pay Rs 2 Crore
A Delhi-based real estate businessman has been allegedly asked to pay Rs 2 crore as protection money by a person claiming to be from the Delhi underworld.
Real EstateDelhi NewsProtection MoneyExtortionBlackmailingReal Estate NewsJun 04, 2024
According to sources, the businessman had been receiving threatening calls and messages from the accused, who claimed to be from the notorious underworld. The accused allegedly demanded Rs 2 crore as protection money and threatened to harm the businessman and his family if the demand was not met.
The Delhi Police have launched an investigation into the matter and are trying to trace the accused. The police are also reviewing the security arrangements in place for businessmen in the city.
This incident has raised questions about the efficiency of the law and order situation in Delhi. The real estate industry is a significant contributor to the city's economy, and such incidents can have a negative impact on investor confidence.
In recent years, there have been several instances of extortion and blackmailing in the real estate industry in Delhi. This has led to demands for better security arrangements and more effective policing to protect the interests of businessmen.
The real estate industry in Delhi is a significant sector that contributes to the city's economy. However, the industry has been plagued by issues of extortion, blackmailing, and threats from the underworld.
The Delhi Police is the law enforcement agency responsible for maintaining law and order in the national capital. The agency has been working to improve the security arrangements in the city and to prevent instances of extortion and blackmailing.
Frequently Asked Questions
How much protection money was the businessman asked to pay?
The businessman was asked to pay Rs 2 crore as protection money.
Who is the accused in this case?
The accused is a person claiming to be from the Delhi underworld.
What is the Delhi Police doing to address the issue?
The Delhi Police have launched an investigation into the matter and are trying to trace the accused.
Why is this incident significant?
This incident is significant because it raises concerns about the safety and security of businessmen operating in Delhi.
What is the impact of such incidents on the real estate industry?
Such incidents can have a negative impact on investor confidence in the real estate industry.
Related News Articles
Mission Maharashtra: Ajit Pawar Launches Jan Samman Yatra to Prepare for Assembly Elections
NCP leader and Deputy Chief Minister Ajit Pawar launches Jan Samman Yatra to connect with people ahead of Maharashtra assembly elections.
Revoking Share Buyback Tax: A Necessity for Indian Economy
Experts suggest that the government should reconsider the share buyback tax to boost economic growth and encourage investments
Delhi-NCR Ranks 5th in Asia Pacific's Most Expensive Office Markets
Delhi-NCR has emerged as the 5th most expensive office market in the Asia Pacific region, with a prime office rent of INR 340/sqft/month.
Tragic Death of Young CA: EY Pune Under Fire for Toxic Work Culture
A young Chartered Accountant's death has raised concerns about the work culture at EY Pune, with her mother alleging that the company's excessive workload led to her daughter's demise.
Why Are Bollywood Stars Investing Heavily in Mumbai's Property Market?
Bollywood actors have a long history of investing in Mumbai's bustling real estate market. Recently, prominent figures like Amitabh Bachchan and Abhishek Bachchan have been on a property buying spree, raising questions about the reasons behind this trend.
Hiranandani Group Ventures into Pune with Joint Development for New Township Project
The Hiranandani Group, one of India's leading real estate developers, is set to make a significant impact in Pune with a new township project. The joint development is expected to leverage the growing infrastructure linking Mumbai and Pune, further boosti