misrepresented to him, that they were from a renowned business family and that they were in the business of sale and purchase of land. According to the complainant, the applicant and his associates told him, that there was a property at village Mann, Taluka Mulshi, District – Pune, admeasuring about 13 acres, for sale. The applicant and the co-accused are also alleged to have told the complainant that they too were interested in purchasing the said property and that they should purchase the said property in their joint names and after the purchase of the same, they should sell the same to HDIL Company, who was in need of land for their business. According to the complainant, he enquired about the said land and learnt that the said land was already acquired by M.I.D.C. When the complainant brought the said fact to the notice of the applicant, the applicant allegedly assured the complainant that he was having good contacts in Mantralaya and that he will get the said land released from the possession of the M.I.D.C. It is further alleged by the complainant, that the accused told him that the owners of the said land were Surekha Dange, Reubai Dange, and Manda Dange, and that they would have to pay a sum of Rs.1,50,00,000/to them. According to the complainant, believing the said representation, he showed his willingness and interest and accordingly issued demand drafts of Rs.1,50,00,000/- from his Company’s account, on 15th September, 2011. The demand drafts were all drawn in the names of the owners. It is