Pune Farmer Loses Rs 66 Lakh in Elaborate Real Estate and Import-Export Scam
In a distressing case of financial fraud, the Hinjewadi police in Pune have registered a cheating case against three individuals for allegedly duping a 40-year-old farmer from Maan of a staggering Rs 66 lakh. The scam, which unfolded over two years, was perpetrated under the false promise of establishing lucrative real estate and import-export businesses.
Details of the Deception
According to police officials, the accused trio approached the victim in 2021, presenting themselves as trustworthy partners who could provide exceptional opportunities in the import-export and real estate sectors. They assured the farmer of comprehensive support and began soliciting funds from him almost immediately.
The financial exploitation was multifaceted:
- The accused collected money through cash transactions, cheques, and direct bank transfers.
- They further manipulated the farmer into obtaining a loan by mortgaging his agricultural land, thereby deepening his financial entanglement.
Between 2021 and 2022, the farmer handed over a total of Rs 66 lakh to the trio. Despite the substantial investment, neither of the promised businesses materialized. The accused consistently avoided returning the funds, offering various excuses whenever the farmer attempted to follow up on his money.
Escalation to Threats and Police Intervention
The situation took a sinister turn when the farmer, realizing he had been cheated, began persistently demanding his money back. In response, the accused allegedly threatened him with dire consequences, creating an atmosphere of fear and intimidation.
This escalation prompted the victim to approach the Hinjewadi police station on Monday, where he lodged a formal complaint. The police have registered the case under sections 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code, reflecting the serious nature of the allegations.
Ongoing Investigation
An officer from the Hinjewadi police stated that investigations are currently underway. "Our investigations are on," the officer confirmed, emphasizing the commitment to uncovering the full extent of the fraud. The case highlights vulnerabilities in financial dealings, especially for individuals in rural or agricultural communities who may be targeted by sophisticated scammers.
This incident serves as a stark reminder of the importance of due diligence in business partnerships and the need for vigilance against fraudulent schemes that prey on trust and ambition.
