Jaipur Broker Arrested for Rs 90 Lakh Scam Involving Fake Income Tax Raid Threat
In a shocking incident in Murlipura, Jaipur, a 58-year-old broker has been accused of orchestrating a sophisticated scam to dupe a man of Rs 90 lakh. The fraud, which occurred on April 3, involved the use of a fake income tax raid threat to coerce the victim into stashing cash in a vacant house, from where it was later stolen. Police have swiftly acted, leading to the arrest of the main accused and an accomplice, with a significant portion of the stolen money recovered.
Details of the Elaborate Fraud Scheme
The accused, identified as Babulal Verma alias BL Goyal, aged 58 and originally from Churu but currently residing in Macheda Loha Mandi, allegedly targeted complainant Manoj Sharma. Sharma had recently sold a plot in Shiv Nagar, Murlipura Scheme, with the registry executed on March 17, 2026, and received Rs 90 lakh in cash. The very next morning, Babulal visited Sharma's house, warning him of an imminent income tax raid and claiming it was unsafe to keep such a large sum at home.
Police reports indicate that Babulal then took Sharma to a locked house in the area. They scaled the wall to gain entry and proceeded to the second floor, where an old broken refrigerator and a bed were kept. Sharma was allegedly made to place the cash-filled bags inside the fridge, with Babulal assuring him he could collect the money later and asking him to return home. However, when Sharma revisited the house with the broker after some time, the bag containing Rs 90 lakh was missing.
Police Investigation and Arrests
Disturbed by the incident and lacking family support, Sharma delayed reporting the matter but eventually lodged a formal complaint on April 3 after losing hope of recovering the money. A dedicated police team, led by SHO Virender Kureel and under the supervision of Additional DCP Rajesh Gupta and ACP Alok Saini, sprang into action. They reconstructed the route from the victim's house to the hideout and meticulously scanned over 100 CCTV footages to piece together the crime.
Based on this analysis, Babulal was identified and arrested. During interrogation, his accomplice, Rohit Verma (24), a Nepal native living at RIICO Housing Colony on VKI Road No. 1, was implicated. Investigators revealed that Rohit had tipped off Babulal about the victim's cash, following which the duo hatched the elaborate plan. Rohit's role in sharing information about the cash, the bag, and the victim's movements came to light, leading to his subsequent arrest.
Recovery of Stolen Funds and Motives
Police disclosed that Babulal used part of the stolen money to repay a gold loan and had plans to buy a flat with the remainder. In a significant breakthrough, law enforcement has recovered Rs 77.50 lakh so far. This includes Rs 52 lakh in cash from Babulal, Rs 50,000 from Rohit, and Rs 25 lakh from a bank account where the money was deposited towards the gold loan. The recovery efforts are ongoing as authorities work to trace any remaining funds.
DCP (West) Prashant Kiran emphasized the thoroughness of the investigation, highlighting how the use of technology and surveillance played a crucial role in cracking the case. This incident serves as a stark reminder of the risks associated with large cash transactions and the importance of vigilance against such fraudulent schemes.
