Ahmedabad Contractor Booked for Duping Trader of Rs 75 Lakh in Housing Project
August 06, 2026
Ahmedabad: The Detection of Crime Branch (DCB) has booked a contractor for allegedly duping a 43-year-old stock trader of Rs 75 lakh on the promise of high returns from a residential project in Naranpura.
According to the FIR, the trader met the contractor in December 2022 at a pan shop near Ankur Crossroads. The contractor later claimed he had secured a residential project in Naranpura and persuaded him to invest, promising a 25% share in the profits.
The complainant alleged that between April and September 2023, he invested Rs 75 lakh through cash payments and self-cheques. As security, the contractor allegedly issued five cheques from different bank accounts, including those of his wife and his company.
The trader also claimed he briefly worked as a site supervisor on the project. However, construction stopped in October 2023 after labourers reportedly went unpaid, and the developer terminated the contractor’s agreement.
When the trader sought repayment, the contractor allegedly kept delaying it, claiming he was trying to sell land. Based on the complaint, DCB police have registered a case of cheating and criminal breach of trust and are investigating the matter. DeshGujarat
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