The Mumbai police have registered an offence against three persons, including the owner of a construction company, for allegedly cheating a diamond merchant of Rs 5.37 crore in a property deal, an official said on Tuesday.
The diamond merchant on Monday lodged a complaint with the Dadar police, following which an offence under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code was registered, he said.
According to the complainant, a fellow diamond merchant and his son, who also own a construction firm, had approached him in 2016 saying that they were building a housing and commercial project at Vakola in the western suburbs and they required funds of Rs 3 crore, the official said.
Against the sum, the accused promised to give the complainant floor space index (FSI) of 11,000 sq ft at Rs 5,000 per sq ft in the Vakola project and said they would draft an agreement for the same, he said.
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The complainant initially gave the accused Rs 2 crore in cash and after a few days, paid Rs 12.5 lakh, the official said.
In February 2017, the accused persons again demanded money from the complainant, who transferred the same in installments, he said.
In all, the complainant shelled out Rs 5.37 crore over a period of one and half years in the property deal, but did not get what he was promised or get his money back, the official said, adding that no arrests have been made in this connection so far.