Two separate property fraud cases have emerged in Indore involving grain businessman Ashish Jain and another accused Avneesh Kumar Tyagi, both of whom allegedly cheated buyers by hiding critical facts about mortgaged properties.
In the first case, Bhanwarkuan police arrested Ashish Jain and his wife for defrauding Purushottam Madanlal of Rs1.10 crore. According to Additional DCP Anand Yadav, Madanlal had agreed to purchase the couple’s property for Rs2.40 crore and had already paid Rs1.10 crore in installments. However, the couple failed to transfer ownership because the property was mortgaged to a bank and under legal dispute — facts they had not disclosed.
In a separate but similar incident in the Aerodrome area, Avneesh Kumar Tyagi allegedly sold a mortgaged property in Nariman City to Radha Sharma’s son for Rs35 lakh without clearing the existing Rs29 lakh bank loan. The property documents remain in the bank’s custody.
Additional DCP Alok Kumar Sharma confirmed that a case has been registered under Section 318(4) of the BNS. Investigations are ongoing in both cases.
