55-Year-Old Man Arrested in ₹11 Crore Land Scam in Greater Noida
Greater Noida police have apprehended a 55-year-old man involved in a fraudulent land deal that defrauded a Delhi-based businessman of over ₹11 crore. The arrest was made on Monday evening at the Malakpur roundabout in Greater Noida, according to police officials on Tuesday.
The accused, Nadeem Ahmed, a resident of Sadar Bazaar in Delhi, was arrested following intelligence inputs and technical surveillance, as stated by Deputy Commissioner of Police (Gautam Budh Nagar), Shakti Mohan Avasthy. Ahmed, along with seven other accomplices, is accused of duping 50-year-old businessman Paras Ram Singhal, from East of Kailash, Delhi, and his company, Kalka Ji Craft Paper, by promising them an industrial plot in Greater Noida that was never delivered.
The fraudulent scheme reportedly began in 2023 when Singhal, along with his brother Gaurav Singhal, approached property dealers in search of land in Greater Noida. They were introduced to Mohsin, one of the accused, who claimed to represent trading firms in Surajpur, Greater Noida, according to the First Information Report (FIR) filed by the complainant.
The FIR revealed that Mohsin and his associates offered to sell the Singhal brothers an industrial plot in Surajpur, but with the stipulation that they first repay a loan tied to the property. “We agreed to the condition and proceeded with the deal,” the FIR stated.
Over the subsequent months, the Singhal brothers paid ₹10.8 crore to the accused under the pretense of repaying the loan. They received receipts confirming the repayments, and in July 2023, they were informed that the loan had been fully repaid. However, when they sought the ownership transfer documents for the Surajpur plot, the accused provided various excuses, citing pending fees and approvals. In November 2023, the brothers transferred an additional ₹1.14 crore, but they still did not receive the necessary documents. In December, after being denied access to the property by company representatives who claimed the loan was unpaid, the Singhal brothers realized they had been scammed.
Following the complaint, an FIR was registered at the Surajpur police station against nine accused individuals, including Nadeem Ahmed, under charges of cheating, forgery, and criminal conspiracy as per the Indian Penal Code. The accused were identified as Nadeem Ahmed, Nasra Begum, and her children Mohsin, Asiya, Afsiya, and Insiya; Mohammad Sabir; Sadiya Kamil, and unidentified proprietors of the implicated private limited company.
“Nadeem Ahmed was arrested by the police on Monday evening at Malakpur roundabout in Greater Noida. While Ahmed has been taken into custody, efforts are ongoing to trace his accomplices and further investigate the matter,” DCP Avasthy stated.
The case highlights the growing need for vigilance in property transactions and underscores the importance of thorough verification before committing to significant financial deals.
