Property dealer booked for Rs 50-lakh fraud

The Sector 17 police have registered a case against Panchkula-based property dealer Naveen Nayyar on charges of committing a fraud of Rs 50 lakh,involving the sale of a house in Sector 23.

Written by Express News Service | Chandigarh | Published: February 19, 2009 1:54 am

The Sector 17 police have registered a case against Panchkula-based property dealer Naveen Nayyar on charges of committing a fraud of Rs 50 lakh,involving the sale of a house in Sector 23.

According to complainant Ashok Bansal,a resident of Sector 10,he met Naveen Nayyar last year when he wanted to buy a house in Sector 23. Bansal said Nayyar showed him a one-kanal house (No. 2357) and said its value was Rs 2.9 crore. He was then showed an agreement of sale,dated August 21,2008,of the house between Harbhans Kaur,the owner,and Naveen Nayyar.

Bansal agreed to buy the house and paid Rs 50 lakh as earnest money. He deposited two cheques of Rs 20 lakh while Rs 10 lakh was paid in cash. He was also taken to the house and showed the property in the presence of Harbhans Kaur and her son-in-law before the execution of an agreement,he alleged.

To his surprise,when Bansal applied to the UT Estate Office for an NOC of the house,the owner said they never entered into any agreement for the sale of the house.

“I was shocked to find that though I had paid the earnest money the owner of the house was saying she never made any agreement with the property dealer,” said Bansal.

While he lodged a complaint with the police three months ago,a case under Sections 420,467,468,471 and 474 of the IPC was registered on Wednesday after the Economic Offences Cell conducted its investigations.

No arrest has been made yet.

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