Duping Contractor of Rs2.65 Crore: Duo Arrested for Fake Deposit Scheme

Strategic Insights -

A Nigdi-based advocate and a Kolhapur resident were arrested for allegedly duping a building contractor from Moshi out of Rs2.65 crore. The duo offered the contractor a promise of depositing Rs112 crore in his bank account for 10 years, with the option to use a part of the interest for personal use. The contractor, who had transferred the amount to the accused's bank account, later discovered that the transaction was a scam. The suspects had given the contractor a fake demand draft and bogus Supreme Court orders to convince him of the legitimacy of the scheme.

Key Takeaways:

  • The duo tricked the contractor into transferring Rs2.65 crore to a bank account under the pretext of depositing Rs112 crore in his account for 10 years.
  • The accused claimed that the money would be deposited in the contractor's account in installments, with the option to use a part of the interest for personal use.
  • The suspects provided a fake demand draft and bogus orders from the Supreme Court to convince the contractor of the scheme's legitimacy.
  • The money was instead transferred to a transport agency's bank account and Rs5 lakh in cash was taken from the victim.
  • The suspects told the contractor that he would have to pay Rs3 crore in income tax as part of the deal.
  • The contractor was allegedly told that he was one of 50 well-off people chosen to benefit from the "will" of a wealthy man from Kolhapur.
  • The suspects had claimed that the beneficiaries would have to give a part of the interest on the sum to the Kolhapur-based man's daughter and her children, and spend some part on social work.

Statistics:

  • Rs2.65 crore: The amount of money transferred to the accused's bank account by the contractor.
  • Rs112 crore: The amount promised to be deposited in the contractor's account by the accused as part of the scheme.
  • Rs3 crore: The income tax allegedly mentioned as part of the deal by the suspects.
  • Rs5 lakh: The amount of cash taken from the contractor by the suspects.
  • 10 years: The duration for which the money was promised to be deposited in the contractor's account.

Sources:

  • Pimpri Chinchwad police (as mentioned in the original text)