Highest Real Estate Frauds Reported in Delhi
According to a recent study conducted by National Crime Records Bureau (NCRB), the Indian capital city Delhi has the most number of cases that are related to property fraud and misappropriation. 181 cases were filed in the year 2013, of which 173 cases were related to cheating and 8 were for criminal breach of trust.
Following Delhi closely is the state of Maharashtra, with 176 cases. Third on this list is Punjab with a count of 82. Satish Golcha, the Joint Commissioner of Police, Economic Offences Wing (EOW), said that around 30% of all the cases that were reported were real estate related. The EOW also mentioned how there has been a sudden spurt in these cases which come under financial crimes.
The police further said that selling property that is mortgaged to more than one buyer or using fudged papers are the most common methods these criminals use to con people. Recently, a real estate firm is said to have used documents belonging to projects constructed by other entities for promotion, and gaining the trust of innocent investors.
Surrinder Kumar Bangla, who is a former Assistant General Manager at SBI Bank, is said to have lodged an FIR against the Cosmic Structures Ltd. promoters under provisions like 120B for criminal conspiracy and Section 420 for cheating in the Janakpuri Police Station.
Source: The Times of India
More article on Fraud cases in delhi,
Delhi had maximum reports of property fraud cases in 2013
Economic offences wing (EOW), Joint Commissioner of Police, National Crime Records Bureau, NCRB, property fraud cases, property fraud cases in 2013, Property frauds, Surrinder Kumar Bangla
