Nagpur Family Dupes Nanded Businessman of ₹1.5 Crore: Four Booked for Fraud

A loan of ₹48 lakh has snowballed into a fraud case of more than ₹1.5 crore after four members of a Nagpur family allegedly duped a Nanded-based businessman. The accused, all from the Bharut family of Wardhaman Nagar, are said to have exploited businessman Shantilal Motilal Jain for nearly eight years through inflated interest rates, property manipulation, and repeated threats.

According to police, the ordeal began in 2015 when Jain borrowed money from the Bharuts to purchase a house. Instead of clearing accounts over the years despite regular payments, the family allegedly transferred farmland in their own name, sold it without settlement, and later demanded additional payments using inflated calculations. When Jain’s son Mayur tried to settle matters in 2023, the accused allegedly refused to return property papers, demanded ₹36 lakh more, and even filed a cheque bounce case to increase pressure.

After suffering continuous harassment, Jain approached the Economic Offences Wing (EOW) in Nanded. Following an inquiry, the EOW found prima facie evidence of cheating and directed Shivajinagar police to file an FIR against Premchand, Anil, Naresh, and Shrenik Bharut. The four now face charges under sections related to cheating, fraud, breach of trust, and criminal intimidation. Police are also probing whether similar tactics were used against other victims.

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