Vadaj man cheated of Rs 16 lakh

Ahmedabad: A Vadaj resident has filed a complaint of cheating against five persons who promised him a return of Rs 15.60 lakh on a fixed deposit (FD) of Rs 13 lakh.
The FIR filed by Rajesh Navneetlal Pawar with Vadaj police states that he was approached in 2009 by agents of firms named Kim Infrastructure and Development Limited, Nector Commercial Estate Limited, and Help Finance Limited which have offices near Income Tax Crossroads.The offices were run by Kanchan Dutta, Ravindersingh Sindhu, and K S Bal.
Pawar had fixed an amount of Rs 1 lakh in his and other family members’ names first in 2009 and later he gradually ended up depositing Rs 13 lakh with the companies. In January this year, he was about to get return of Rs 3 lakh on one of the FDs but the companies did not pay him anything, said the FIR. Since then, Pawar sent messages and emails to the directors of the three companies but did not get any response.
When Pawar thoroughly enquired about the companies, he found that the companies’ directors had cheated people in Chhattisgarh and Delhi. Inspector J A Rathwa of the Vadaj police station said that a complaint of cheating and breach of trust has been filed against the three directors and two staffers of the companies. “The three directors had been arrested by Chhattisgarh cops in connection with a fraud,” said a police official.