Court grants bail to 63-yr-old woman in cheating case

A Delhi court has granted bail to a 63-year-old woman accused of terminating an agreement to sell her house to a couple and duping them of Rs 12.5 crore paid as token money.
Additional Sessions Judge Sanjiv Jain gave the relief to the woman on a personal bond of Rs five lakh and two sureties of the like amount, with a direction to neither influence wtinesses, nor leave the country without permission.
The court, while allowing her bail application filed through advocate Rohit Priya Ranjan, also took into consideration that she had joined the investigation and was willing to do so in future.

As per the FIR, the woman had entered into an agreement in 2011 with a couple to sell her property in New Friends Colony here to them for over Rs 63 crore, out of which they had paid Rs 12.5 crore as earnest money to her while Rs 5.4 crore were paid after she secured construction sanctions from South Delhi Municipal Corporation.
It said the property was on mortgage and the woman had to pay Rs 18 crore to State Bank of Patiala to get it released.
From the amount received, she cleared her legal liabilities and obtained NOC from the bank but terminated the agreement and never refunded the earnest money, it alleged.

The woman had claimed in her plea that as per the agreement, she had done her part of the duties but the buyers failed to pay the balance payment on time to get the sale deed executed.
She also claimed that as per the clauses of agreement, it had to get terminated if any party failed to do their part of the job.