Home » Surat Broker Upvan Jain Deported for Rs3.66 Crore Scam

Surat Broker Upvan Jain Deported for Rs3.66 Crore Scam

Property fraud case leads to UAE deportation

by Ananya Mehta

Surat-based property broker Upvan Jain, also known as Bunty Jain, was deported by United Arab Emirates (UAE) authorities following an extradition request from the Indian government. Jain had fled to Dubai after allegedly cheating a 62-year-old private sector employee of Rs3.66 crore in a property scam.

Jain was taken into custody by the Surat Police Economic Offences Cell (Eco Cell) at Ahmedabad airport on Saturday and was produced before a court the next day, where he was remanded to three days of police custody.

The case, initially registered at Adajan police station, involves Jain and his eight accomplices and was later transferred to the Eco Cell for detailed investigation.

According to police reports, Jain operated as a broker in Surat and duped Gyanchand Jain between 2019 and 2020 by promising high returns on real estate investments. He sold four properties — an office in VIP Plaza and flats in River Palace, The Legend, and Castle Brown residential complexes — collecting Rs3.66 crore in the process.

Investigations revealed that Jain and his associates used forged sale deeds, stolen government stamp papers, and opened fake bank accounts to receive and divert funds. These accounts were linked to Sutex Co-operative Bank, IndusInd Bank, and Surat People’s Co-operative Bank.

The probe into this elaborate property fraud continues as authorities work to uncover the ful

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