Shahjehanabad police have booked a property dealer for duping a businessman to the tune of Rs 90 lakh; victim paid the cash for property in partnership at Karond, but was never provided with return or profit by accused.
Police said that the accused Mehfuz Khan offered the victim Shadab Khan to invest in property at Karond and victim invested around Rs 90 lakh which were never provided back to the victim.
A complaint was lodged by the victim with the Shahjehanabad police stating that in the year 2016 the Mehfuz who was well acquainted came to him and shared details regarding a land at Karond and assured that investment could fetch healthy returns as several plots could be sold from the property on offer.
The victim got assured and invested Rs 90 lakh in the venture. The property was bought and even after several plots were sold but the accused never provided with profit. The victim asked for money but the accused provided a plot worth Rs 36 lakh from the same property sold by the victim and accused. The victim also alleged that the accused had assaulted him after he demanded for return. During the past two years accused provided Rs 1 lakh along with the plot but not provided profit to the victim which was much higher provided to the accused.
After long investigation and verification of the claims made by the victim the police have registered a case under section 420 of the IPC and have started further investigation.