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Photograph: iStock
New Delhi, A person (36) was arrested for allegedly dishonest a senior citizen by persuading him to spend money on business housing initiatives for larger returns.
Police mentioned Jain had claimed to be a licensed companion of the alleged firm.
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The sufferer deposited Rs 11.50 crore within the private account of Jain and his firm Adinath Associates. Later, the alleged developer canceled the reserving of the sufferer with out giving any legitimate motive. Police additional mentioned that the sufferer didn’t even get the funding paperwork from Jain.
“The complainant now suspects that these funds have both been misused or duped by the alleged individuals,” the police mentioned.
Through the investigation, the police has ready a file by amassing paperwork from the sufferer. Financial institution transaction particulars had been additionally obtained from the banks and it was discovered that the quantity was transferred to the account of ‘Adinath Associates’ and private account of Jain. Police is investigating the matter additional.
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