Noida Cyberthum Scam: ₹1 Crore Fraud Alleged in Shop Deal, Bhutani Infra CEO Among 5 Booked
Noida: A case of alleged fraud worth around ₹1 crore has surfaced in connection with a commercial property deal in the Cyberthum project located in Sector 90, Noida. Following a court order, the Sector 142 police station has registered an FIR against five individuals, including the CEO of Bhutani Infra. Police said that an investigation into the matter is currently underway.
The complainant, Horilal, a resident of Gandhi Nagar in Delhi who runs a small paan shop in Ghaziabad, alleged that he was cheated while trying to purchase a shop using his lifetime savings.
According to the complaint, Horilal came into contact with a property dealer, Aditya Raj Saxena, through a friend. Saxena allegedly assured him of arranging a commercial shop in the Cyberthum project. He later introduced Horilal to Shivdatt Gaur Sharma, claiming that Sharma wanted to sell his 272 sq ft shop in the same project located in Greater Noida.
The victim has alleged that the accused pressured him to make payments in cash as part of a planned conspiracy. To arrange the money, Horilal reportedly used his savings and also mortgaged his wife’s jewellery, his vehicle, and his existing shop.
He claims to have paid nearly ₹1 crore in multiple instalments. This includes around ₹42 lakh in cash to Aditya Saxena, ₹27 lakh in cash to Chirag Sharma, ₹10 lakh via cheque to Shivdatt Sharma, and approximately ₹29 lakh deposited at the Bhutani Infra office.
According to the complaint, the accused attempted to legitimise the transaction by getting documents signed on stamp paper and preparing a builder-buyer agreement. However, the victim has neither received ownership of the shop nor a refund of the amount.
He further alleged that the accused are now demanding an additional ₹30 lakh from him.
Station House Officer Vinod Kumar Mishra confirmed that a case has been registered against five individuals on the basis of the court’s directions and that the matter is being investigated.
