Talaiya police on Sunday booked a case of cheating and fraud against one person, who duped two persons to the tune of `16 lakh in the State capital here. Both the victims were promised of good return by investing in land and properties.
Police said the accused Shamim Beg had cheated one Shaikh Mujeeb, who used to live in the same vicinity and added the victim was lured into the profitable business of property and assured him of high returns on his investment.
A deal was finalised between the two according to which the victim will have to invest and in return he will get a regular and fixed monthly return of 10 per cent from the investment.
The accused also provided the victim of post dated cheques of the invested amount. Initially the accused used to pay the victim but after few months he stopped making payments. After repeated demands for the refund the accused was not willing to return the amount and escaped with excuses.
Recently the victim encountered another victim Sadiya Khan, who was also duped to the tune of `2.5 lakh luring her with high returns on her investment.
Station House Officer T Sapre said that the victims lodged a complaint during the public hearing and during investigation it was found that the claims made by the victim were found true.
On Sunday the police have registered a case under Section 420 of the IPC and have started further investigation.
The accused is still on large. The investigations are on and the accused would be searched and questioned in the case soon.