Pune Farmer Deposits Rs 2.5 Crore In Joint Account, Son Secretly Swipes Rs 1.8 Crore

The farmer told police he had promised to divide his property equally among his three children. (Representative/Shutterstock)

An elderly farmer in Pune’s Mawal taluka has accused his son, daughter-in-law and grandson of siphoning off his life savings. After the Pune Metropolitan Region Development Authority acquired his 38-guntha plot and paid him Rs 2.5 crore in compensation, the trio allegedly moved Rs 1.82 crore from the joint account into their own accounts. Police have registered a case of fraud.

Joint Account Opened

The joint account was opened in the names of the son, daughter-in-law, and grandson. The farmer explained that he trusted them because he was elderly and found banking difficult. They all opened the joint account together and deposited the money with his consent, but this is where the deceit began.

Rs 1.82 Crore Moved Using Joint Account

The son assured his father that he would handle everything, but as soon as the money was deposited, he, along with his wife and son, shifted Rs 1.82 crore into their own accounts. The farmer had no idea. When he visited the bank after a few days, only a small amount was left. He was shocked after seeing the bank statement.

Relatives said the son repeatedly assured his father that “everything is safe,” but the reality was far from it.

Case Registered Against All Three

On Friday, the elderly farmer went to Shirgaon Police Station and filed a complaint. Police have registered an FIR against the son, daughter-in-law, and grandson under fraud and other relevant sections of the law. The investigating officer said transaction details are being checked and strict action will be taken if the fraud is proven.

The farmer told police he had promised to divide his property equally among his three children (two sons and one daughter), but one son took everything when he got the chance.

How To Protect Yourself From Such Fraud

Experts have advised elderly people to be careful when opening joint accounts. They have urged people to regularly check account statements, track all transactions, and seek legal advice when needed. Police have appealed to families to make written agreements regarding property matters.