Around a dozen investors were duped of more than Rs80 lakh by Asankhy Buildcon Private limited which promised them houses at Mandideep-Kolar Road. The MP Nagar police have registered a case of fraud against the builder.
The investigating officer SI Vedram Hanot said that around 12 persons have reported fraud in the name of providing independent houses by Asankhy builder in the year 2013 and continue to book houses but when the investors found that the accused has not started any construction on the site they started to demand refund from the accused Abhinav Chakradhar who is director but the accused escaped with excuses and later the victims lodged a complaint with the MP Nagar police and based on the information a case against the accused has been registered.
The fraud surfaced after Digpal Singh lodged a complaint who booked a house with the accused but later when he found that the accused was not interested in the construction and not returned the money he lodged a complaint. The offender is a retired employee of CISF.
Police said that the number of victims would increase as in the last two years the accused has collected money for booking of houses from several people. Accused owns an office at MP Nagar zone II but the office was locked. Accused went missing a few months ago, is still missing. The police have registered a case under section 420 and 34 of the IPC and have started further investigation into the matter.