Monday, 27 February 2012

Real estate changes hands via unreal deeds

Dubious land deals are on the increase with more and more cases piling up in courts, with some of the victims seeking the assistance of the Criminal Investigation Department (CID) to probe them. The frauds have sparked off a multitude of serious repercussions including that of banks unable to recover their loans granted for land purchases, incomplete constructions and victims losing millions of rupees.
Within three months of setting up, the CID’s special unit to probe land frauds has received more than 1,000 complaints with more coming in on a regular basis. “We have arrested four main gangs involved in land frauds, but more complaints are coming in “, a senior officer involved in the investigations told the Sunday Times.

(Source: Sunday Times)

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