Chandigarh Man Reports ₹7 Lakh Fraud in Failed Property Deal
Three booked after Chandigarh man alleges ₹7 lakh fraud in property deal
Hindustan Times
Image: Hindustan Times
A resident of Chandigarh has reported a fraud exceeding ₹7 lakh linked to a failed property transaction in Mohali. The police have registered a case against three individuals involved in the deal, which fell apart on the registration day after multiple payments were made without securing the property.
- 01Amit Kumar alleged he was defrauded of over ₹7 lakh in a property deal.
- 02The deal involved a house in Shiv City, Behlolpur, Mohali.
- 03Payments included ₹3 lakh in cash and ₹1.20 lakh transferred online.
- 04Ravi and Meghna, the property dealers, failed to secure a home loan.
- 05A dishonoured cheque of ₹4 lakh was issued by the property owner.
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Amit Kumar, a resident of Chandigarh, has lodged a complaint with the Balongi police, alleging that he was cheated out of over ₹7 lakh (approximately $8,500 USD) during a property transaction in Mohali, Punjab, India. The deal involved a house in Shiv City, Behlolpur, owned by Kuldeep Kumar, with a total price of ₹21.30 lakh (around $25,600 USD). Kumar claimed he made several payments, including ₹3 lakh in cash as earnest money and ₹1.20 lakh transferred online. Additionally, he alleged that property dealers Ravi and Meghna demanded ₹1.33 lakh for loan arrangements and documentation but failed to secure the loan. As the registration date approached, Ravi demanded more funds for registry expenses, leading Kumar to sell jewellery to raise ₹80,000 in cash. On March 31, when they arrived at the sub-registrar’s office, Ravi and Meghna allegedly disappeared after taking another ₹60,000 for stamp papers. Following this, a cheque of ₹4 lakh issued by Kuldeep Kumar was dishonoured. The police have initiated a case under relevant sections of the Bharatiya Nyaya Sanhita, addressing cheating and criminal conspiracy.
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This incident highlights the risks involved in property transactions and the need for due diligence when engaging in real estate deals.
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