Maharashtra’s Nagpur police have registered a case against three persons for defrauding buyers to the tune of Rs 3.5 crore. Two of them belong to a real estate company and the other is a bank employee. A 47-year-old man in the furniture business signed an agreement for Rs 20 lakh in 2016 for the purchase of a shop with a company building a shopping complex in Nagpur. For this, a check of Rs. 5 lakh was given and the remaining Rs. 15 lakh was taken as a loan from a bank. On the other hand, the said real estate company has taken a loan of Rs. 5 crore from a cooperative bank.
In this order, a 47-year-old man gave a DD to the builder in the name of Co-operative Bank. Similarly, checks worth Rs. 3.44 crore given by 14 persons were deposited in the same account. In this context, despite paying the loan installments, the builder realised that they had been cheated after receiving notices from the bank. Later, a complaint was lodged with the police, who registered a case against the three persons.
