Man duped of Rs 2.5 cr, 2 held

MUMBAI: A developer and his relative were recently arrested for cheating a Malad-based jeweller of Rs 2.50 crore in a property deal.
The accused, Bhikam Chand Sisodia, runs Sisodia Developers in Borivali. He and his relative Jagdish Chauhan, convvinced Sukhlal Kachara, who was known to Chauhan, to purchase a Juhu plot.
Kachara paid Sisodia Rs 2.50 crore, after which Sisodia went incommunicado.Kachara later learnt that the plot had been sold to another party, after which he lodged a complaint. TNN
"When the Kachara made inquiries, he learnt that the plot had been sold to someone else. He then asked for his money back, but was allegedly threatened by Sisodia and his aides. Sisodia then moved to Rajasthan," a police official said.
Kachara registered a complaint with Malad police. Sisodiya and Chauhan, a tailor, were arrested recently. Sisodiya is said to have past criminal records at Dahisar and Powai police stations. The police are now looking for Sisodia's manager, Dhaval Jain, in the case.