NAVI MUMBAI: The Vashi police on Tuesday registered a cheating case against an individual over alleged fraudulent land transactions amounting to ₹20.91 crore.
According to the police, the complainant, a 65-year-old businessman, alleged that the accused entered into a sale agreement in July 2011 for multiple land deals across key Navi Mumbai areas, including Kharghar, Nerul and Ulwe. Between 2010 and 2016, the accused received a total of ₹36.91 crore from the complainant via cheques and cash for the proposed land transactions.
According to the complainant, land parcels worth ₹16 crore in Vichumbe village, Panvel taluka, were transferred to his name, but the remaining ₹20.91 crore was neither returned nor adjusted against any property.
“The accused failed to transfer land corresponding to the balance payment or refund the amount, thereby cheating the complainant,” an officer from Vashi police station said, adding that no arrests have been made in the case so far.
The Economic Offences Wing (EOW) is examining the financial transactions as part of the ongoing investigation.
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