B’luru finance company employees booked for duping builder of Rs 18 lakh
Team Udayavani, Oct 20, 2018, 4:43 PM IST
Bengaluru/Thane: Three employees of a finance company in Bengaluru were booked for allegedly cheating a Thane-based builder to the tune of Rs 18 lakh, police said Saturday.
The accused were identified as Rajan, Ulhas Nair and Joseph Mathew, who used to introduce himself as the chairman of J M Group, police said.
The trio duped the builder on the pretext of financing his housing project, Thane police spokesperson Sukhada Narkar said.
“The complainant is in the business of construction and required Rs 55 crore for a project. In July 2017 he came in contact with one of the accused through his acquaintance and started regularly interacting with him and others,” police said.
During the course of their interaction, the accused promised to finance him for the project and informed him that he need not pay any extra fees and charges during repayment.
“When the deal was being signed, they demanded Rs 55 lakh as ten per cent deposit against the loan. However, the complainant told them it not possible for him to pay that much. Thereafter, the builder demanded that the loan amount be reduced to Rs 20 crore. They agreed and accordingly asked him to pay Rs 20 lakh for it,” Narkar said.
The victim paid Rs 16 lakh to them and another Rs 2.16 lakh for registration and stamp duty, she said.
After some days, the trio told him they could only pay Rs 40 crore to him. In the beginning of 2018, they again told him that they cannot provide loan to him and that he would get his back soon, police said.
“The trio ignored the reminders and a legal notices, sent to them. When the victim tried to reach them at their office, he came to know that it has been shifted. He tried reaching them on phone, but failed to do so,” Narkar said.
The victim finally realised that he has been cheated and lodged a complaint with Varak Nagar police station. Based on his complaint, an FIR was registered against the trio on Friday.
The trio was booked under IPC section 420 (cheating and dishonestly inducing delivery of property)
Further investigation into the case is on.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kodagu murder case accused escapes from police in Hyderabad
New software for fast-tracking project approvals: Karnataka Minister Patil
Karnataka Maritime Board announces plans for Mangaluru Water Metro Project
Lone tusker spotted on NH-166 near Karkala, disrupts traffic
Lokayukta police summon Karnataka CM Siddaramaiah for questioning in MUDA case on Wednesday
MUST WATCH
Latest Additions
Kodagu murder case accused escapes from police in Hyderabad
New software for fast-tracking project approvals: Karnataka Minister Patil
Karnataka Maritime Board announces plans for Mangaluru Water Metro Project
In-flight passengers can access WiFi services only when allowed, say new rules
Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.