In a significant breakthrough, the Crime Branch has dismantled a syndicate accused of defrauding individuals by promising plots under the Yamuna Expressway Industrial Development Authority (YEIDA). Officials announced the arrest of Jagveer Singh and Satender on Sunday, revealing that they allegedly cheated victims out of approximately Rs7-8 crore by issuing counterfeit plot allotment letters.
During the arrests, authorities recovered critical evidence, including a laptop, three mobile phones, SIM cards, and numerous forged allotment documents. DCP Crime Branch Amit Goel stated that the fraudsters presented themselves as facilitators, offering industrial plots at below-market prices through fraudulent allotments under YEIDA.
Jagveer Singh, who led the operation, deceived his victims into believing he could secure discounted plots. He opened a bank account under the name “Yamuna Expressway Developers” using the credentials of a female acquaintance, through which he siphoned off the defrauded funds. The syndicate also conducted cash transactions, receiving Rs75 lakh in physical currency.
The Crime Branch registered a case under FIR No. 184/24, following complaints from victims Sachin V Shah, Nilesh V Shah, and Ramandeep Raheja. They alleged they were duped into transferring Rs3.7 crore into the fraudulent account opened by Singh, who had promised them industrial plots. Subsequent investigations revealed that the allotment letters were forgeries, with the mentioned plots already belonging to legitimate allottees, according to Goel.
After a week of surveillance and investigation into the suspects’ movements, a specialized team from the Crime Branch executed a raid in Kosi Kalan, Mathura, UP, where Singh and Satender were apprehended. The team recovered crucial evidence, including the laptop used to create the forged documents.
During interrogation, Singh admitted to being in debt and utilizing his experience in property dealings to orchestrate the scam. He targeted individuals seeking discounted plots, using fake allotment letters to build trust. His accomplice, Satender, who managed a Customer Service Shop, assisted in fabricating the forged documents, officials confirmed.
