Delhi: Two conmen held in multi-crore property fraud, now in police custody for stamp paper fraud

New Delhi, June 26 (SocialNews.XYZ) Days after the arrest of two property dealers-turned-conmen for duping businessmen and jewellers by pretending to sell them residential land, houses, and farmhouses in the national capital, the Delhi Police are still trying to determine the source from which they allegedly forged stamp papers or sale deeds.

According to sources, all the documents created by them were from the Hauz Khas Registrar Office; however, it is yet to be confirmed by investigators as a probe is underway.

Amidst the fraud, the question that arises is how multiple stamp papers were generated for a single piece of land.

The accused, Gunveen Singh (45) and his brother-in-law Jitin Pal Singh (40) were arrested by Delhi Police’s Economic Offences Wing (EOW) last week for duping a man of Rs 4.85 crore on the pretext of selling a farmhouse in South Delhi’s Chattarpur area.

The duo is currently in police custody at Mayapuri police station in connection with another fraud. The FIR there is registered under sections 420, 467, 468, 471, 472 and 120 B of the Indian Penal Code. Kuldeep Sugandh, the complainant, claims that the duo with others have forged stamp paper of a property at Green Park not once but twice.

"Gunveen and Jitin have been involved in fraudulent activities since 2008," said 70-year-old Sugandh, whose son runs a jewellery shop in South Delhi's Safdarjung area and was one of the victims.

"Before they defrauded us last year, they used to frequently visit our shop and became our regular customers, developing a good relationship."

"However, when we decided to sell our property in Lajwanti Garden and purchase a new property, the accused approached us, claiming to have a property in Green Park," Sugandh said.

"Due to the high cost of the property in Green Park, we were unable to arrange the necessary funds. The accused then proposed an exchange of properties, showing us the land in Green Park. We agreed to the arrangement, providing them with Rs 2.5 crores, including the token money, and requested them to prepare the sale deed and transfer the land into our name,” he added.

"Both Gunveen and Jitin agreed to the terms, and as per the agreement, we transferred our property into their name, which is valued at approximately Rs 12 crores in the market. However, they took possession of our land and presented us with a fake and forged sale deed for the Green Park property," Sugandh elaborated.

According to the FIR, the sale deed they provided to the complainant was found to be forged and fabricated. The document has the stamp and official seal of the office of Sub Registrar V-A, Hauz Khas, Delhi.

“It is quite clear that the accused have deliberately and intentionally defrauded and cheated the complainant by offering the property bearing No. G-34, Green Park, New Delhi including receiving payments from the complainant and execution of special power of attorney in December last year and further executing sale deeds dated 29.12.2022 in respect of property bearing No. WZ-315A, Lajwanti Garden, New Delhi which are vitiated by fraud and prima facie illegal,” the FIR reads, which was registered on the basis of the complaint filed by Sugandh last year.

“The accused persons did so with an intention to acquire wrongful gain for themselves and to cause wrongful loss to the complainant. The complainant has recently also learnt that one of the accused Gunveen Singh is also involved in similar cases registered at Mehrauli, Preet Vihar, Bindapur police stations and he is absconding,” reads the FIR.

“… it is clear that the accused persons in collusion with each other have deliberately, in a planned manner, committed various offences against the complainants/investors which require investigation and action by the police,” the FIR added.

Source: IANS