Businessman Booked for Allegedly Cheating Realtor of ₹31 Crore

Quick Summary

• The Central Crime Branch police have registered an FIR against businessman Syed Farhatullah Javed and 11 of his associates for cheating, impersonation, and criminal breach of trust.
• Suresh Jain, a real estate company owner, accused Javed of luring him with promises of prime land deals and business leads in Bengaluru outskirts and Goa at reduced rates.
• Javed allegedly introduced his associates as government officials, Enforcement Directorate officers, executives from corporate offices, and owners of prime properties to gain Jain’s trust.
• Between January 2021 and July 2024, Jain transferred ₹31.34 crore to various accounts based on fake sale deeds and agreements for joint growth ventures.
• The deception came to light when projects did not progress as promised. Upon confronting Javed,Jain was met with evasive responses before the accused fled the scene.
• Police investigations revealed that Javed orchestrated the scam by involving relatives and friends posing as authorities or property owners. efforts are being made to locate the accused.

Indian Opinion Analysis

The case highlights vulnerabilities within high-value real estate dealings in India tied to unchecked trust in personal connections and fraudulent impersonation schemes. This legal action serves as a cautionary tale underscoring the need for due diligence while accessing lucrative investment opportunities-especially when large sums are involved over extended periods without verifiable documentation or progress monitoring.The incident may prompt stakeholders within India’s real estate sector-including private investors-to prioritize transparency by rigorously vetting individuals claiming “high-level” contacts or unique deals. Such measures coudl reinforce greater accountability across property transactions while discouraging criminal activity exploiting gullible investors like Mr. Jain in this scenario.

Read more: Published – september 10, 2025