Kanpur: A case of fraud has come to light in the Panki police station area of city, where a woman was cheated of Rs 40 lakh on the pretext of offering hefty profits in the property business. The victim had saved this amount over the years for her daughterтАЩs wedding, which the accused fraudulently misappropriated. Police have registered a case on the basis of a written complaint and begun an investigation.According to Shalini Dwivedi, a resident of Paradise Green B-Block, Panki, her neighbour Nitin Kumar Sharma introduced himself as a property businessman and proposed an investment scheme. The accused promised to return the principal amount within one-year along with 40 percent annual profit. Trusting him, the victim transferred a total of Rs 40 lakh to the accusedтАЩs bank account via RTGS on Jan 10 and Jan 5, 2024.The victim stated that her husband Brijesh Dwivedi is employed in the Merchant Navy. The family had saved this amount over a long period for their daughterтАЩs wedding. After the stipulated time passed, when she demanded the money back, the accused kept stalling and did not make any payment.Under persistent pressure, the accused issued two cheques of Rs 20 lakh each and one additional cheque of Rs 16 lakh in June 2025. When the victim deposited the cheques in the bank on July 5, 2025, all of them bounced due to insufficient funds. Even after this, the accused refused to return the money and began issuing threats.Panki station In-charge Manoj Bhadauria said that a case has been registered against the accused Nitin Kumar Sharma under fraud and other relevant sections on the basis of the victimтАЩs written complaint. тАЬThe matter is under investigation and further action will be taken on the basis of evidence,тАЭ he added.
