Vasco conman arrested from Nepal border while attempting to flee country
Team Herald
PANJIM: The Economic Offences Cell (EOC) has arrested Vasco conman Noor Ahmed from the Nepal border for allegedly cheating at least 250 persons under the garb of a real estate ponzi scheme.
Ahmed, who had been absconding since early July, was arrested by the EOC of Goa Police with assistance from the Goa Police Crime Branch, Raxaul Police Station, Bihar and the Nepal Police. Superintendent of Police (EOC) Nidhin Valsan has urged the people in the State not to fall prey to schemes promising unrealistically high returns and also urged people to complain on the 112 helpline if they come across any such irregularities.
Ahmed along with his wife had hatched dishonestly induced all the victims of his scheme to part with Rs. 4 to 5 lakh, in return for apartments in the Vasco area. The property was being given on a lease for a period of 3-5 years by executing leave & license agreement before a notary. “The accused tactfully pretended to be in possession of these leased flats, which were actually owned by others,” said Valsan.
“He has cheated all the complainants to the tune of Rs 3.17 crore approximately,” he added.
Valsan added that there were eight cases registered in EOC this year of which most of them are of ponzi schemes.
