Man applies for ‘home’ online, duped of Rs 58 lakh

A businessman duped of Rs 58 lakh by three men offering him a flat in Goregaon purportedly put up for auction by a nationalised bank has registered a police complaint. The businessman saw ‘flats for auction’ on a website and was led into believing that the suspects, now on the run, had been authorised by the bank to strike a deal with buyers to auction flats of people who default on home loans. Bangur Nagar Police Wednesday registered a case of cheating, and applied sections of the IT Act, against director, manager and partner of a company named Flex Next Auction Pvt Ltd for allegedly forging property documents of flats

[via India Properties - Real Estate India - Indian Property News Site]