Noida. A case has been registered against five individuals, including officials linked to Bhutani Infra, after a Ghaziabad paan shop owner alleged that he was cheated of nearly ₹1 crore on the promise of a commercial shop in the Cyberthum project in Sector 90, Noida. The FIR was filed at Sector 142 police station following a court order.
Shop Allotment Promise Under Probe
According to the complaint, the victim, Hori Lal, a resident of Gandhi Nagar in Delhi who runs a paan shop in Ghaziabad, wanted to purchase a commercial shop using his savings. He allegedly came in contact with a property dealer, Aditya Raj Saxena, who assured him that he could arrange a shop in the Cyberthum project.
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The complainant alleged that Saxena later introduced him to Shivdatt Gaur Sharma, who claimed to be selling a shop in the same project. The accused allegedly told him that a 272-square-foot commercial shop was available for immediate booking and pressured him to make payments quickly.
Payments Allegedly Made in Cash, Cheque and Office Deposit
As per the complaint, the victim arranged money from his savings, by pledging his wife’s jewellery, selling or mortgaging his vehicle, and putting his existing shop at stake. He alleged that he paid nearly ₹1 crore to the accused in multiple instalments.
The complaint states that around ₹42 lakh was allegedly paid in cash to Aditya Raj Saxena, ₹27 lakh to Chirag Sharma, ₹10 lakh through cheque to Shivdatt Gaur Sharma, and nearly ₹29 lakh was deposited at the Bhutani Infra office.
Agreement Used to Create Appearance of Legitimacy
The complainant alleged that signatures were taken on stamp papers and a builder-buyer agreement was executed to make the transaction appear legitimate. Despite the payments, he claimed that he neither received ownership of the shop nor got his money back.
He further alleged that the accused later demanded an additional ₹30 lakh. The victim has claimed that he was misled through formal-looking documentation and trapped in a planned fraud under the guise of a real estate investment.
Authorities are now examining the role of all accused persons and verifying the financial transactions linked to the case. The investigation is continuing, and further action will depend on the evidence gathered.
