The MP Nagar police has booked two property developers for duping a woman to the tune of Rs 16 lakh by not providing flat and obtained sanctioned loan by making false claims of completion of flat.
According to the police, Kavita Jain was sold a flat at Obedullahganj by the property developer and accused Rishabh Jain and Manish Jain at Rs 16 lakh in the year 2019 and she was assured that flat would be provided but it was never done.
The victim lodged a complaint with the senior police officer and a case was registered by the police. A complaint was filed regarding the fraud and after completion of the investigation the police have registered a case under sections 420 and 406 of the IPC.
The police have started further investigation and have claimed that there is a possibility that the accused property developers have cheated other victims also.
SHO MP Nagar police Manish Kumar Rai said that the victim purchased a flat developed by the accused in the year 2019 but without completing the property and providing possession to the victim accused obtained sanctioned loan from the bank.
As it was construction and possession linked loan disbursement accused have to inform bank to obtain sanctioned loan amount and the accused claimed with the bank that the flat was completed and loan amount was disbursed to them, he added.
In the case no arrests have been made. The two accused would be tracked and nabbed based on the details provided by the victim.
