Son, Daughter-In-Law Dupe Ahmedabad Realtor of ₹1.55 Cr
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
A 60-year-old real estate businessman from Ahmedabad has alleged that he was cheated of more than ₹1.55 crore after being promised a 50% share in a proposed water bottle manufacturing business. The accused include his office manager of the past 10 years, the manager's son and daughter-in-law, who allegedly forged documents and diverted the investment.
Police have registered a case based on the complaint and launched an investigation.
Trusted employee among the accused
According to the complaint, the accused are:
- Sandeep Parikh, who had been working as the manager of the complainant's office complex for the past 10 years.
- His son, Ujas Sandeep Parikh.
- Ujas' wife, Amiben Parikh.
The complainant alleged that the three conspired to cheat him by persuading him to invest in a proposed water bottle manufacturing venture.
Investment proposal
The accused allegedly invited Paresh Patel to become a partner in a business operating under the name Saras Food and Beverages.
They allegedly claimed that the business would purchase a new PET blowing machine manufactured by Sidel, valued at approximately ₹11.44 crore, and assured the complainant of a 50% share in the profits.
Money transferred
According to the complaint, between April 2023 and July 2024, the complainant and his wife transferred:
- ₹1.47 crore through cheques and bank transfers.
- ₹8,12,394 in cash towards factory maintenance.
The total amount allegedly paid was ₹1,55,12,394.
Fake quotations and forged documents
The complaint alleges that Ujas Parikh created forged documents to convince the complainant that the machinery had been ordered.
These allegedly included:
- False quotations.
- Bogus tax invoices purportedly issued in the name of Sidel.
- A fake bank statement showing that payment had been made from the Yes Bank account of his wife, Amiben Parikh.
The complainant alleged that instead of paying the machine manufacturer, Ujas transferred the money into his personal bank account.
Alleged fraud uncovered
According to the complaint, the businessman began seeking accounts after receiving no profits from the proposed venture.
When questioned, the accused allegedly failed to provide satisfactory explanations.
The complainant further alleged that the accused later attempted to remove machinery from the factory overnight along with their associates.
The alleged attempt aroused suspicion and led to the fraud being uncovered.
Police action
Paresh Patel has lodged a police complaint accusing the three of cheating, criminal breach of trust, and forging bogus documents.
Police have registered a case and initiated further investigation.
