Tenant faces accusation of cheating on landlord | Aurangabad News
Aurangabad: City police booked a tenant for cheating and breach of trust after allegedly duping his landlord for Rs 4 lakh.
According to the complaint filed by Ramesh Mishra (60), a resident of Alok Nagar, the suspect, who is a stock trader, was given access to his phone and all the details of the transaction online, including the purchase. in line. He would take the suspect’s help in making transactions.
In June 2019, the suspect convinced Mishra to start trading in the stock market and, as a result, a demat account was opened. The shares were bought and sold between June, July and August 2019.
After Mishra did not get the expected returns, he stopped trading. However, since the suspect had access to a bank ID and password, he allegedly obtained a loan of Rs 4.25 lakh from the bank.
After the bank credited the loan amount to Mishra’s account, the suspect transferred Rs 3.85 lakh to his various bank accounts at the end of September 2019 without Mishra’s knowledge, police said.
After learning of the alleged fraud, he demanded that the suspect return the money to him. But after his calls fell on deaf ears, he contacted the police and filed a complaint.