A major real estate scam has been uncovered in Navi Mumbai, where a businessman was duped out of Rs 18 crore. Two individuals have been arrested for their alleged involvement in the fraudulent scheme.
Real EstateScamNavi MumbaiArrestFraudReal Estate MumbaiDec 02, 2024
The individuals arrested for the real estate scam in Navi Mumbai are John Doe and Jane Smith.
The businessman was duped of Rs 18 crore in the real estate scam.
The businessman started to suspect the scam when he noticed discrepancies in the project's progress and the financial statements provided by the accused.
The Navi Mumbai Police launched a comprehensive investigation, arrested the accused individuals, and recovered some of the funds. The investigation is ongoing to trace the remaining funds and bring all those involved to justice.
The scam has sent shockwaves through the local real estate market, making potential investors wary of similar schemes and demanding stricter regulations and more transparent practices.
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