Land Fraud Allegations and Rs 60 Lakh Extortion Threat Shake Local Business Community
Kanpur: In a high-profile case of land fraud, egg trader Md. Shoaib from Bakinganj, Kanpur has filed an FIR against eight individuals, including Irshad Alam, co-producer of the 2005 film ‘Taj Mahal’ and owner of a tannery, accusing them of duping him of Rs 3.30 crore. Allegedly, when Shoaib demanded repayment, the accused threatened him with false litigation and demanded Rs 60 lakh in extortion.
Shoaib, who operates a wholesale egg business on Bakinganj New Road, told police that he and his business partners, Fahad Naseem and Ubaid Naseem, were seeking warehouse space and land for expansion. Through intermediaries Ricky and Rafi, they were introduced to Irshad Alam, a resident of Jazmau Gajupurwa, Signature City, who offered to sell land purportedly suitable for commercial use.
Government-Acquired Land and Fraudulent Dealings
Alam showed the land in Gajupurwa and offered it for Rs 1.65 crore, which Shoaib promptly paid. However, instead of transferring ownership, the price was reportedly doubled, and Shoaib paid an additional Rs 1.65 crore. Even then, the sale deed (Bainama) was never executed. Subsequent verification revealed that the land had already been acquired by the government, confirming that Shoaib had been deceived in a premeditated fraud.
Extortion Attempt Following Payment Recovery
When Shoaib sought the return of his total Rs 3.30 crore, the accused allegedly arrived at his shop on September 13, 2025, along with accomplices Md. Uzair and others, threatening to implicate him in a false lawsuit and demanding Rs 60 lakh as extortion.
The trader lodged his complaint with the Joint Commissioner of Police, Crime and Headquarters, prompting the police to register an FIR. Bakinganj Inspector Md. Mateen confirmed that the FIR names three identified and six unknown individuals, and a full investigation has been initiated.
Investigation and Police Action
Police are now examining property records, financial transactions, and supporting documents. Authorities are scrutinizing attempts to conceal true ownership, falsified documents, and the extortion threat. Preliminary investigation suggests deliberate irregularities in transactions, indicating a well-planned fraudulent scheme.
Law enforcement officials stated that all named and unknown accused will face swift legal action. This case has also emerged as a cautionary tale for local entrepreneurs and investors, emphasizing the critical importance of legal verification and registration before purchasing property.
Implications for Business and Legal Awareness
The Kanpur case underscores the vulnerability of traders and investors to financial fraud, property deception, and extortion. It highlights the need for rigorous due diligence, legal awareness, and transparent documentation in property dealings, particularly in commercial transactions involving significant capital.
Authorities are closely monitoring the progress of the investigation, and there is strong anticipation that the accused will be apprehended promptly. The outcome is expected to provide justice for the victim while sending a warning to potential fraudsters targeting business owners in the region.
Conclusion
In conclusion, the Rs 3.30 crore land fraud and Rs 60 lakh extortion threat faced by Md. Shoaib in Kanpur has brought to light the growing sophistication of property scams and the importance of proactive legal oversight. The case serves as a stark reminder of the intersection between financial crime and business risk, emphasizing the role of vigilant law enforcement in safeguarding local commerce and investor interests.
