Realty agent, kin booked for cheating flat buyers of Rs 2 cr

A property finance agent and his kin were booked on charge of cheating three persons to the tune of Rs 2.17 crore by promising them flats in the city, police said today.
The accused Amit Singh, who had his office in Anat Laxmi Chambers near Thane station, is in the business of property finance for flats, they said.
Assistant Police Inspector of Naupada station, S G Kale said Singh had taken Rs 2.17 crore collectively from three persons, namely Mohanlal Agarwal (Rs 75,00,000), Ashok Ghag (Rs 39,00,000) and Arun Sulakhe (Rs 1,03,25,000) from December 2013, for buying them flats in the city.

However, the complainants did not get any flat as promised by Singh, following which they approached police.
"Singh has withdrawn money from bank accounts of victims who had made payment by cheques and DDs," Kale said.
Apart from Singh, police yesterday booked his mother Malti Singh and his employee Jeevet Samant under section 420 (offences relating to cheating and dishonestly inducing delivery of property) and section 34 (acts done by several persons in furtherance of common intention).
Singh and two others are currently absconding and search is on to trace them, Kale said, adding that the case has been transferred to EOW of Thane police.