Jamshedpur builder arrested in Rs 1.25 Crore housing fraud case

amshedpur: The arrest of Adityapur-based builder Ajay Agarwal in an alleged  Rs 1.25 crore fraud case has triggered a major stir in steel city. 

Sakchi police apprehended him from Ranchi on Tuesday and brought him to the police station here in the evening, where he was subjected to intensive interrogation till late at night.

According to police sources, a case of cheating amounting to nearly  Rs 1.25 crore was registered against Agarwal on November 26, 2025. 

He is accused of collecting large sums from several people on the promise of providing flats, but allegedly failed to deliver the properties or return the money. 

Following a court-issued warrant, police acted on a tip-off and arrested him from Ranchi.

Soon after news of his arrest spread, high-level efforts reportedly began to secure his release. 

However, he was not released till late night, with legal proceedings continuing.

Meanwhile, Sakchi police station witnessed a heavy rush of people late into the night.

While some supporters gathered in his favour, several victims also arrived to lodge complaints. 

A cement trader from Golmuri alleged that Agarwal had procured cement worth  around Rs 4–5 lakh from him but fled without making payment, switching off his phone.

Police officials stated that, given the seriousness of the case, all aspects are being thoroughly investigated.

Notably, the arrest has once again raised serious concerns over the functioning and credibility of the real estate sector in the city.