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
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.