NewsBytes
    Hindi Tamil Telugu
    More
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Delhi News / Man dupes 64 farmers of crop proceeds worth Rs. 3.5cr
    Delhi

    Man dupes 64 farmers of crop proceeds worth Rs. 3.5cr

    Man dupes 64 farmers of crop proceeds worth Rs. 3.5cr
    Written by Sneha Das
    Aug 06, 2021, 04:15 pm 2 min read
    Man dupes 64 farmers of crop proceeds worth Rs. 3.5cr
    According to police, the accused Prem Chand (60) duped around 64 farmers of approximately Rs. 3.5 crore

    Delhi Police's Economic Offenses Wing has arrested a man for allegedly duping over 60 farmers by persuading them to retain the proceeds of their sold crops with him on the pretext of giving them higher returns, officials said on Friday. According to police, the accused Prem Chand (60) duped around 64 farmers of approximately Rs. 3.5 crore.

    Accused fled when farmers demanded their money back

    The gullible farmers sold their crops and grains to the accused's shop in the Narela grain market and since he was in debt due to business losses, he started retaining the proceeds of their crops by inducing them with assurance of higher returns and issued receipts for the same. But when farmers demanded their money back, Chand shut his shop and fled to Faridabad.

    The complaint was filed by a group of farmers

    "An inquiry was initiated against Chand based on a complaint filed by a group of farmers," police said. Additional Commissioner of Police (Economic Offenses Wing) RK Singh said, "Investigation into the case revealed that the accused retained and further induced the farmers who sold their crops and grains to him since the year 2017-18 on the pretext of giving them higher rates of interest."

    His shop-cum-residence in Narela mandi was mortgaged with banks

    "These farmers believed him as he assured them that his Narela mandi shop and residence were worth crores of rupees," he said. "But when farmers demanded their proceeds and investment back, he fled the mandi. Subsequently, the farmers came to know that the shop-cum-residence in Narela mandi was mortgaged with banks and due to non-payment, the property was auctioned by the bank," he said.

    A non-bailable warrant was also issued against Chand

    "A non-bailable warrant was also issued against the accused in connection with the incident," Singh further said. "The accused was arrested from Faridabad in Haryana on August 3," the officer added.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Delhi Police
    Delhi
    Farmers
    Fraud Cases

    Delhi Police

    Man on bail kills wife; court pulls up Delhi Police Murder
    Delhi: Gangster who killed BJP leader found dead in Tihar Delhi
    NCPCR seeks police report in Dalit girl's 'rape and murder' Delhi
    Delhi: Man hired to kill customs clearance agent arrested Delhi

    Delhi

    J&J applies for EUA of COVID-19 vaccine in India Johnson & Johnson
    Pink Line becomes Delhi Metro's longest operational corridor Delhi Metro Rail Corporation
    Delhi: Private hospitals, laboratories welcome capping of RT-PCR, RAT prices Arvind Kejriwal
    Kejriwal announces magisterial probe into death of Dalit girl Arvind Kejriwal

    Farmers

    Farmers set to protest at Jantar Mantar today, security upped Delhi Police
    'Kisan Parliament': Farmers to protest at Jantar Mantar from tomorrow Jantar Mantar
    Farmers protest in Haryana against sedition case amid high alert Haryana
    Farmers mark 7 months of protest, Minister urges 'end it' India

    Fraud Cases

    Two persons duped on the pretext of doubling money Nagpur
    Faridabad youth duped people on pretext of cheap iPhones; arrested iPhone
    Two men arrested for duping Amazon of lakhs: UP police Uttar Pradesh
    Delhi: Three arrested for duping man on pretext of trade Delhi

    Love Delhi News?

    Subscribe to stay updated.

    Delhi Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023