Archive · 19 Aug 2025
Principal Duped of ₹8 Lakh in Jabalpur Property Fraud
A school principal in Jabalpur wanted to buy a house.
She met a man who said he would sell her his house for ₹25 lakh.
She gave him ₹8 lakh as a down payment.
The man promised to finish the sale within six months.
But he didn't.
It turned out the man already owed money on the house.
He had taken a loan and used the house as collateral.
This meant he wasn't allowed to sell the house.
After getting the money, the man stopped answering calls and didn't do what he promised.
The police are now looking for him.
A school principal in Jabalpur was allegedly defrauded of ₹8 lakh in a property deal.
The accused, Shashank Pandey, showed the principal documents for a house and agreed to sell it.
The principal paid ₹8 lakh as an advance with the promise of completing the registration within six months.
Investigations revealed Pandey had already mortgaged the house for a ₹21 lakh loan.
After receiving the money, Pandey avoided contact and delayed the registration process.
- Who
- Shashank Pandey allegedly defrauded Disha Namdev, a school principal.
- What
- A principal was defrauded in a property deal.
- When
- Information not available
- Where
- Jabalpur, Madhya Pradesh
- Why
- The accused took an advance payment for a house he had already mortgaged and then disappeared.
- Victim
- Disha Namdev, School Principal
- Accused
- Shashank Pandey
- Amount defrauded
- ₹8 lakh
- Property's Agreed Sale Price
- ₹25 lakh
- Loan on the house
- ₹21 lakh
- Location
- Jabalpur, Madhya Pradesh