Property dealer nabbed in Rs 31-crore ‘scam’ in Delhi

The Economic Offences Wing (EOW) of the Delhi Police has arrested a property dealer for alleged cheating in connection with a Rs 31-crore south Delhi property deal scam, an official said on Monday.

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Accused Ravinder Bainsla, through his company Bainsla Housing Private Limited, allegedly misrepresented himself as the representative of property owner Ashok Kumar, Additional Commissioner of Police (EOW) Amrutha Guguloth said in a statement.

“The case, registered under Sections 406, 420 and 120-B of the IPC, was filed on June 14, 2024 on a complaint from M/s Energy Building Solutions Private Limited through Anurag Bajpayee,” the statement read.

Bainsla offered to sell a plot in Delhi’s Samalkha for Rs 31 crore to the complainant, promising to resolve legal disputes and provide vacant possession. The complainant paid Rs 3.7 crore for the deal between December 2021 and February 2022. However, Bainsla failed to deliver on his promises and did not comply with a subsequent settlement agreement, the statement said.

Despite being served a notice to join the probe, Bainsla applied for anticipatory bail, which was denied by a court.