Panaji. A case of alleged fraud involving ₹41.9 lakh has been reported in Goa’s Pernem area, where a real estate developer allegedly promised to sell a 51,000-square-metre property in Torxem to a woman from Mormugao. Mapusa police have registered a case of cheating against the developer and begun an investigation. The accused allegedly accepted the payment after entering into an agreement for the property but failed to complete the sale or execute the required documents.
According to the complaint, the developer had offered to sell the Torxem property to the complainant’s mother. Trusting the representations made about the property, she entered into a memorandum of understanding (MoU) with the developer for its purchase.
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The complainant alleged that after the MoU was signed, her mother made multiple financial transactions totalling ₹41.9 lakh to the developer. Despite receiving the money, the developer allegedly did not proceed with the sale. The required documentation was not completed and the property was not transferred to the prospective buyer.
The complaint further alleged that the developer did not refund the amount paid by the woman despite failing to complete the transaction. The matter was subsequently reported to the police, following which a case was registered.
Investigators are examining the MoU, bank records related to the payments and documents concerning the property. Police are also verifying whether the developer had the legal authority and necessary documentation to enter into the proposed sale. The role of any other individuals associated with the transaction may also be examined as the investigation progresses.
Police said the developer is already under arrest in connection with another alleged property fraud involving a property in Assagao. The Torxem complaint is being investigated separately.
Authorities are examining the financial transactions and property documents associated with the case before deciding on further action. The investigation is currently underway, with police seeking to establish how the money received from the complainant was used and the circumstances in which the proposed property transaction was not completed.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
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