Two held for posing as builders, cheating homebuyers
Posted On : Friday, January 10, 2020, 3:34 PM
Two people who pretended to be builders and cheated homebuyers have been arrested by Central Crime Branch (CCB) officers. They had obtained loans to the tune of Rs 20 crore from different banks and had remained elusive for over a year. Investigations revealed the duo, who posed as builders, used to lure prospective buyers by showing them under-construction buildings and receiving advance payments from them "They opened fake bank accounts in the names of the original property owners and obtained loans by creating bogus sale deeds. They cheated both banks and homebuyers,” police said.