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1 arrested for duping man of Rs 1.25 cr

Press Trust of India  |  New Delhi 

A 53-year-old man was arrested for allegedly duping a man of Rs 1.25 crore on the pretext of providing him 2.5 acre of agriculture land, police said today.

The victim, a and motivator, submitted a complaint at the station in which he stated that one and his accomplices -- Pankaj Kumar Aggarwal, and Kapil Tyagi-- cheated him of Rs. 1.25 crore, they added.

They promised to provide 2.5 acres of agriculture land at Jhatikra village in Najafgarh. The complainant repeatedly contacted the accused but he never provided the promised land and also did not return his money, police said.

The police were raiding several of his hideouts for the last one year.

On May 14, the team begun following the accused on the basis of a technical surveillance and chased him through Faridabad, Gurgaon and other parts of and eventually nabbed him, when he was intending to enter a five-star hotel in Nehru Place, said Milind Dumbere, of Police (Southwest).

Dayal has several FIRs pending against him across and other states and has only appeared once in certain cases and has been continuously evading his appearance before the court, he said. Several non-bailable warrants have been issued in his name.

Dayal and his accomplices, who ran a sham construction company Construction Ltd, among various other companies used to lure financially sound investors of south Delhi, said the DCP.

They used to promise them enticing opportunities to purchase properties and further seek advances and loans with the prospect of great returns to the investors and lenders.

Dayal and his other co-accused partners, on the basis of false documents, approvals and title deeds duped various prominent investors from to part with their hard earned savings with the intention of never returning the money, added the DCP.

His accomplices are known to have about 20 such sham companies under their direct and indirect control, police said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 20:55 IST