Pune Doctor Loses ₹26 Lakh in Real Estate Investment Scam
A medical practitioner from Pune lost ₹26 lakh to a real estate investment scam. The fraud took place between June and July this year.
Real Estate ScamInvestment FraudPuneDoctor Loses MoneyChikhali PoliceReal Estate PuneAug 30, 2024
The police have booked the suspect under sections 318 (cheating), 316 (criminal breach of trust), 335, and 336 (forgery) of the Bharatiya Nyaya Sanhita (BNS). The suspect is currently on the run.This is not an isolated incident of investment fraud. Recently, a retired SBI employee from Gurgaon was cheated of ₹8.5 lakh by cyber fraudsters who convinced him to invest in fake stock market schemes via WhatsApp and Telegram groups.
In another incident, three people, including two women, lost ₹72 lakh to fraudsters who promised high-paying online jobs. The victims were lured into paying security deposits and additional amounts after initially earning small amounts.A budding entrepreneur from Vattiyoorkavu also lost ₹10 lakh after renting a shop without a valid number. This prevented her from getting a licence and led to a closure notice from the city corporation.
The Pune police have advised citizens to be cautious when investing in real estate or other schemes. They should verify the credentials of the company and the suspect before investing any money.The Chikhali police are responsible for maintaining law and order in the Chikhali area of Pune. They have been actively working to prevent investment fraud and other crimes in the region.
Frequently Asked Questions
How much money did the doctor lose in the real estate scam?
The doctor lost ₹26 lakh in the real estate scam.
What sections of the Bharatiya Nyaya Sanhita (BNS) has the suspect been booked under?
The suspect has been booked under sections 318 (cheating), 316 (criminal breach of trust), 335, and 336 (forgery) of the BNS.
What is the name of the police station that booked the suspect?
The Chikhali police booked the suspect.
How can citizens prevent investment fraud?
Citizens should verify the credentials of the company and the suspect before investing any money.
What is the advice of the Pune police to citizens?
The Pune police have advised citizens to be cautious when investing in real estate or other schemes.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora