7 months ago
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The Bengaluru constabulary person booked 3 people, including 2 directors of a backstage institution and a existent property agent, for allegedly cheating a 61-year-old antheral of ₹17.5 crore successful a existent property transaction.
The accused person been identified arsenic Sneha Rakesh and Rajath Venkatesh, directors of Akarmaxs Tech Pvt. Ltd., and the cause Robin Francis. The lawsuit pertains to a spot measuring astir 16,990 sq. ft. successful Banashankari 2nd Stage successful southbound Bengaluru.
According to the FIR, the complainant sold the spot to the directors done Francis and executed a registered merchantability deed connected November 23, 2022, astatine the Shantinagar sub-registrar’s office, reflecting a transaction worth of ₹17.5 crore.
The accused reportedly issued 4 cheques towards outgo of the merchantability consideration. However, each cheques bounced owing to discrepancies successful signatures erstwhile the complainant presented them for encashment. Despite repeated follow-ups, the accused allegedly failed to marque the outgo and continued to springiness assurances, citing assorted reasons.
The complainant has further alleged that the accused benefited from the spot portion deliberately withholding the agreed amount. When helium demanded payment, the accused allegedly resorted to threats, according to the FIR.
This allegedly prompted the complainant to attack the police. Based connected the complaint, the Banashankari constabulary filed an FIR nether IPC Sections 406 (criminal breach of trust), 420 (cheating and dishonestly inducing the transportation of spot oregon invaluable security), 506 (criminal intimidation), and 120B (criminal conspiracy).
An researcher successful the lawsuit told The Hindu that they person sought much accusation from the complainant, but helium hasn’t responded. Usually, economical offence cases involving much than ₹10 crore are transferred to the Criminal Investigation Department (CID). However, this lawsuit is inactive with the metropolis police.
