2 years jail for Chandigarh realty agent in a fraud case

2 years jail for Chandigarh realty agent in a fraud case
25/09/2017 , by , in News/Views

A court has sentenced a property dealer in Chandigarh to two years in prison for a Rs 50-lakh fraud he committed over a property dispute. The court also imposed a fine of Rs 6,000 on Kulwant Singh, who was booked along with his two accomplices, Satnam Singh and Paramjit Singh, at the Sector 3 police station here in April 2013.

Kulwant has been found guilty under sections 419 (cheating by impersonation), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), 471 (using as genuine a forged document) and 120 (criminal conspiracy) of the Indian Penal Code (IPC). Satnam and Paramjit are yet to be arrested.

Ravi Goyal, the complainant, had contacted property dealer Gurkirpal Singh of Hoshiapur to buy land. Singh showed him 13 acres in Hoshiarpur and quoted Rs 2.05 crore per acre as the cost. Kulwant gave Rs 50 lakh as “token money”. However, on the day the sale deed had to be signed, neither Kulwant nor the other accused turned up to make the payment. After this, the property dealer was never able to find Kulwant. In fact, he never returned the money to Ravi nor did he did prepare the sale deed. After this, Ravi filed a complaint at the Sector 3 police station. The police then carried out a detailed investigation and arrested Kulwant on April 2.

About admin