Thane Police have registered a case of alleged fraud involving two construction company owners accused of deceiving a local family of a staggering ₹1.2 crore. The case, filed under the jurisdiction of the Rabodi Police Station, came to light after a 28-year-old woman resident of Thane lodged a formal complaint.
According to officials, the accused – two brothers who jointly own and operate a construction firm – are alleged to have duped the complainant’s family by making false promises related to property transactions. The fraudulent activities, which reportedly spanned several months, have now become the subject of a detailed investigation.
Details of the Complaint
As per the First Information Report (FIR), the victim approached the accused through professional circles in the real estate and construction sector. The two brothers, presenting themselves as reputable developers, allegedly assured the family of lucrative property deals and investment opportunities. Trusting their assurances, the complainant’s family handed over a cumulative sum of ₹1.2 crore.
However, over time, the family realized that no tangible progress had been made on the promised projects. Despite repeated follow-ups, the accused allegedly failed to provide either the property rights or return the money. When confronted, they reportedly gave evasive replies and delayed responses, raising suspicion about their intentions.
Police Action
Upon receiving the complaint, the Rabodi Police conducted a preliminary inquiry, which pointed towards deliberate misrepresentation and fraudulent behavior by the accused. A case has now been officially registered against the two construction company owners under relevant sections of the Indian Penal Code (IPC)
“The complainant has submitted detailed documentation, including bank transfers and communication records, which will aid the investigation. Both accused individuals are currently under the police scanner, and further inquiries are underway to trace the flow of money and ascertain whether more victims are involved.”
Impact on the Victims The financial loss of ₹1.2 crore has caused severe distress to the complainant’s family. Beyond the monetary damage, the family expressed that the incident has eroded their trust in local developers and has caused emotional and psychological strain.
The complainant, a 28-year-old woman, explained in her statement that her family was hopeful about securing long-term assets through this transaction, but instead faced betrayal. She urged others in the community to be cautious and verify credentials before entering into large financial agreements.
Broader Context of Real Estate Frauds Frauds linked to property and construction deals have been on the rise across Maharashtra, especially in urban areas like Thane, Mumbai, and Pune. Unscrupulous developers often lure unsuspecting buyers with promises of lucrative investments or early possession of residential/commercial units.
In many such cases, families invest life savings, only to discover that the projects are either non-existent, stuck in litigation, or deliberately misrepresented. Legal experts stress the importance of conducting due diligence, including verifying land titles, project approvals, and builder backgrounds, before committing funds.
Next Steps in the Investigation The Thane Police have begun tracing the financial trail of the ₹1.2 crore transferred to the accused. Authorities are also investigating whether the construction firm operated by the brothers has been involved in similar fraudulent activities with other clients. If additional victims come forward, the scale of the fraud could widen significantly.
The accused, both residents of Thane district, are currently untraceable. Police teams have been deployed to track their whereabouts, and sources suggest that lookout notices may be issued if they attempt to flee the state.
Police Appeal to the Public Thane Police have appealed to citizens to remain alert and report any suspicious activity linked to real estate developers. They have also urged other possible victims of the accused to come forward and register complaints so that a comprehensive case can be built.
“We are committed to protecting the interests of citizens and ensuring strict action against individuals who misuse trust for personal gain. This case is a reminder that people should avoid making cash payments, demand proper receipts, and consult legal professionals before finalizing large financial transactions.” A senior officer said.
The Thane Police have assured the public that a thorough investigation will be conducted and justice will be delivered to the aggrieved family. The case stands as a stern warning to individuals attempting to exploit unsuspecting citizens through deceit and false promises.
