Thane Police Book Two for Rs 49.3 Lakh Fraud Involving Forged Land Documents
In a significant development in Thane, Maharashtra, police have registered a case against two individuals for allegedly duping a financial planner of a substantial sum of Rs 49.3 lakh. The fraud was perpetrated through the use of forged land documents, as confirmed by authorities on Saturday.
Details of the Alleged Scam
According to officials from the Manpada police station, the accused duo employed documents that were forged over an extended period, specifically between December 2015 and July 2023. These falsified papers were used as bait to lure the complainant, identified as Rajesh Subhash Jadhav, a 34-year-old financial planner, into entering a partnership agreement for construction works.
The elaborate scheme involved presenting the forged land documents to create an illusion of legitimate assets, thereby gaining Jadhav's trust and convincing him to invest in the purported construction venture. This manipulation led to the financial planner parting with a total of Rs 49.3 lakh under false pretenses.
Legal Actions Taken
Police have officially booked the two individuals under charges of cheating and criminal breach of trust. These sections of the Indian Penal Code are commonly invoked in cases involving financial fraud and deception. However, as of the latest reports, the accused persons have not yet been apprehended, and investigations are ongoing to locate and arrest them.
The case highlights the growing concerns over document forgery and financial scams in urban areas like Thane, which is part of the Mumbai Metropolitan Region. Authorities are urging the public to exercise due diligence when entering into financial agreements, especially those involving property or construction deals.
Broader Implications and Advice
This incident serves as a stark reminder of the risks associated with investment partnerships that rely on unverified documents. Financial planners and investors are advised to:
- Conduct thorough background checks on potential partners and their assets.
- Verify land documents through official channels such as local municipal offices or land records departments.
- Seek legal counsel before committing to large financial transactions.
- Report any suspicious activities to the police promptly to prevent further losses.
The Thane police are continuing their probe into this case, aiming to bring the perpetrators to justice and recover the defrauded amount. Updates on the investigation and any arrests are expected to follow as the case progresses.
