Aurangabad: The crime branch of Aurangabad city police has booked a city-based contractor for allegedly duping a man of Rs 61.75 lakh by promising high returns on his investment.Ankit Muthiyan (29) of Yashomandgal Society has stated in his complaint that the suspect asked him to invest money in a project. The contractor said he had bagged a sub-contract for construction of roads and laying of underground drainage system in Shendra under the Delhi Mumbai Industrial Corridor project.The contractor offered 50% of the profit to Muthiyan and the duo signed an agreement. The transaction of money took place between November 2017 and July this year.Crime branch inspector Madhukar Sawant told TOI that although the suspect had bagged the contract, he did not have the capital to execute the work.“As per the agreement, the duo even opened a joint account with a bank in the city. However, the suspect opened another bank account and claimed bills to the tune of over Rs 1 crore,” he said.The suspect also took Rs 25 lakh from the investor on the pretext of clearing his (contractor’s) home loan and also getting his truck released from a bank. The contractor assured the complainant that he would transfer his house and truck in his name but did not do so.In addition to this, the contractor had also promised to give a rent of Rs 7 lakh earned from the truck to the investor and defaulted on that too, said police.

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