Brothers duped of Rs5.55 crore, eight booked

Nagpur: The Sitabuldi police on Tuesday booked eight persons for duping two brothers of Rs5.55 crore over a period of two years by luring them to invest their money in land properties. The accused have been identified as one Zahid Baig (New Colony, Poonam Chambers), Gautam Singh (Jafar Nagar), Bunty Shaw (Nagpur), Ashish Jain (Nagpur), Prashant Satalkar (Civil Lines), Sujit Kumar (Zingabai Talki), Naeem Khan (Nagpur) and Wakekar family (Besa road, Shatabdi Chowk).
According to a complaint lodged with police, Kolhe brothers (Sushil and Pankaj), a resident of Nimdevi Nagar, Wanjra Majri Helgaon Road, Kamptee road, run a digital advertising firm from Utkarsh Apartment, Civil Lines. Between 2018 to 2020, the accused lured them with high rate of interest in land properties and asked them to invest their property for fast earning.
The accused even showed them Church’s land in front of Smurti Talkies and another in front of a restaurant near old VCA Stadium. The accused also asked them to invest money in a land situated in front Jaripatka crematorium and another owned by the Wakekar family in Mauja Babhulkheda (on Besa road) by preparing fake documents, police said and added that the brothers invested Rs5.55 crore over a period of two years.
The complaint further said all papers were found fake when Kolhes verified the documents on various stages, forcing them to ask their money back from the accused. But they refused to return the money, leading to file a formal complaint with police.
Further investigation in this case is underway.