Builder, six family members arrested for duping flat-buyers of over Rs 100 crore

Ghaziabad | Tuesday | 1st March, 2022

Summary:

Ghaziabad, Mar 1 (PTI) A builder and six members of his family were arrested for allegedly duping flat-buyers of over Rs 100 crore from, police said on Tuesday.

The builder, Raj Kumar Jain, was running two companies named Red Apple and Idea builders.

He is accused of borrowing money from people, enticing them by promising to pay a high rate of interest of them, City Superintendent of Police (1st) Nipun Agarwal said.

Jain was planning to settle in Dubai after obtaining its citizenship on the basis of fake documents.

He and his family had got fake documents made using Garg as their surname, the official said.

The SP said Jain and his associates were booked in 29 cases of fraud earlier.