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Law enforcement authorities in Kolkata have arrested 18 individuals for orchestrating a series of fraudulent real estate transactions involving the sale of 14 flats within their criminal network. The modus operandi employed by the culprits was multifaceted, encompassing identity theft, forgery, and financial fraud. The criminal group not only manipulated property transactions but also exploited the banking system to secure loans using fabricated documents.
The intricate scam came to light when the real owner of one of the flats filed a complaint, alleging that he had fallen victim to a fraudulent property deal. The complainant specifically accused certain individuals and a nationalised bank of facilitating the deceitful transaction, stating that his property had been unlawfully transferred. The Kasba Police Station initiated an inquiry into the matter, with Sub-Inspector Gaurav Bhattacharya leading the investigation.
Upon scrutinising the certified copies of the original deeds of the flats, the investigating officers uncovered a disturbing pattern of forgery. While the names of the legitimate property owners remained consistent, every other detail in the documents was fabricated. The fraudsters manipulated photographs, signatures, and other key details to create a convincing illusion of legitimate property transactions.
During the probe, it was revealed that the accused individuals, posing as property owners, engaged in a systematic forgery of signatures and documents to effect the sale of not just one but a total of 14 flats in the Kasba area. As part of the sophisticated and elaborate fraud scheme, the fraudsters managed to dupe both property owners and financial institutions alike. What set this fraudulent scheme apart was the depth of deception, as the perpetrators went beyond merely conducting unauthorised property sales; they leveraged their ill-gotten gains by securing loans from various banks.
The 14 individuals who acted as the "buyers" in this fraudulent operation managed to secure loans from different financial institutions. To further complicate matters, they set up two bank accounts to receive the disbursed loan amounts. The loan amounts from various banks were channelled into these two designated accounts, from where the criminals siphon off the funds.
The arrested individuals are now facing charges related to impersonation, forgery, and financial fraud. The scale and sophistication of this real estate and financial fraud underscore the challenges faced by authorities in combating such complex criminal enterprises. As the investigation unfolds, additional arrests and revelations are anticipated, shedding light on the full extent of this intricate criminal network operating within the real estate and banking sectors.
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