Metropolitan Magistrate Pawan Singh Rajawat sentenced habitual offender Deepak Maingi for three years rigorous jail term for the offence of cheating and dishonestly inducing delivery of property under section 420 of IPC.
Holding that the act of Maingi resulted not only in mental agony to the complainant but also caused huge financial loss, the court directed him to pay compensation of Rs 3.5 lakh to the victim.
Refusing to take a lenient view and grant bail, the court said that Maingi was a repeat offender and had been found guilty in number of other similar cases.
"Keeping in view the nature and gravity of offence, there is every likelihood that if released on bail, the convict may commit similar offence," the court said while dismissing his bail plea.
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On the crime committed by Maingi, the court said, "The modus operandi adopted by him is very unique as he induced innocent person for handing over the money on the pretext of depositing the same and then ran away."
Chaudhary handed over her money to Maingi, who had assured her of an early deposit of the cash at the counter of the bank.
However, after collecting the cash from them, he asked them to be seated till the time he processed their cash deposit but ran away from the spot.
FIR in this regard was lodged by Chaudhary on August 28, 2012.