Property broker loses Rs 6cr to fraud partner

Property broker loses Rs 6cr to fraud partner

FPJ BureauUpdated: Friday, May 31, 2019, 11:16 PM IST
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BHOPAL : A property broker was duped of Rs 6.5 crore by his partners in garb of buying a land in partnership and later converting it into a mega real estate project. The MP Nagar police on the complaint of the victim registered a complaint against the accused partners under section 420, 406, 120 B and 34 of the IPC and started investigations.

Investigation officer SI Udaiveer Singh Bhadouria said that victim Sayyed Sarvar Husain, son of Anwar Husain, is the director of Messrs Amaltas India Limited. In his complaint he stated that in the year 2013 he along with his partners Kamlesh Soni and Mayank Bajpai got a contract to start property dealing in Sehore. They registered a new firm by the name of Vision Amaltas Mega Project in which Husain and the other two were fifty-fifty partners. The firm planned to purchase 215 acres of land from farmers at the rate of Rs 18 lakh per acre.

Out of the total amount Husain paid his share of Rs 6.5 crore by cheques. But later he found that the accused had bought around 70 acres of land in the name of Satyabhama Soni, mother of Kamlesh Soni. Husain filed a suit in the court after which the court ordered to file a case against the accused.

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