Scam: Man gets arrested in Palghar for cheating home buyers of Rs 1.15 crore
The accused allegedly collected money from his victims between August 2020 and March 2024 before fleeing, the official added. The police have not specified the number of victims involved.
Scam: Police have arrested a 30-year-old man who had been on the run since March, accused of defrauding several individuals of Rs 1.15 crore by promising them houses in Maharashtra's Palghar district, an official said on Thursday.
The suspect was apprehended at Wagralpada in the Vasai area on Tuesday after police pursued various leads. During interrogation, it was revealed that he had enticed home buyers from Vasai and Virar in Palghar, as well as from neighboring Mumbai, by promising to get them rooms in a chawl (row tenement) in Vasai, according to Senior Inspector Raju Mane of the Manickpur police station.
The accused allegedly collected money from his victims between August 2020 and March 2024 before fleeing, the official added. The police have not specified the number of victims involved.
Following a police complaint filed by some victims in March 2024, a case was registered against the accused under relevant provisions. Additionally, two other cases registered earlier against him at the Manickpur police station have also been detected so far, the official noted.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
07:30 PM IST