Nagpur: In a major real estate fraud, a Nagpur-based builder has been allegedly duped of Rs 11.77 crore by his business associates in a land deal, triggering a criminal case at Sitabuldi police station.
The complainant, Deepak Suresh Gadge, a builder and resident of Dharampeth, accused three construction company directors of systematically cheating him after luring him into a partnership and secretly selling prime land behind his back.
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12 Jan 2026
The accused have been identified as Atul Manohar Yamasanwar of Dharampeth, Subhash Chainkaran Surana of Yavatmal, and Ankush Sunil Patil of Dindayal Nagar. All three are directors of construction firms.
According to police, Gadge had extended financial assistance on multiple occasions to Yamasanwar, who runs M/s Urban Township Pvt. Ltd. In August 2016, Yamasanwar allegedly called Gadge to his office, claiming heavy business losses and seeking further funds. He reportedly offered Gadge a 60% stake in the company, citing ownership of two land parcels measuring 4,907 sq ft and 11,037 sq ft.
The duo later executed a formal partnership agreement on November 25, 2022, under which Gadge was assured 60% of the proceeds from the sale of the land. However, police said the accused allegedly began sidelining Gadge soon after the agreement.
Without Gadge’s knowledge, company meetings were held, the shareholding structure was altered, and new directors, including Yamasanwar’s son and two others, were inducted without his consent, effectively stripping him of control and access to records.
In a shocking revelation, the accused allegedly went on to sell both plots for Rs 11.77 crore to Himanshu Jain of M/s Mahadev Infra Project and Mahavir Pipe & Mill Stores, again without informing or compensating Gadge.
It was only after learning about the clandestine sale that Gadge realised he had been cheated and approached the Sitabuldi police. Following preliminary verification, police registered a case of cheating, criminal breach of trust and fraud against the three accused and launched a detailed investigation.
Police said further probe is underway to trace the money trail and examine the role of all parties involved.
