Gurgaon Guy Arrested For Duping Actual-Property Buyers

New Delhi:

A 58-year-old civil engineer was once arrested for allegedly duping other folks at the pretext of making an investment in actual property, police mentioned on Wednesday.

Sanjay Chawla, a resident of Gurgaon, had cheated 53 other folks round Rs nine crore, police mentioned.

In keeping with a criticism, Adel Landmarks Ltd had in March 2011 made a pre-launch of a undertaking named ”Cosmo Court docket”, which was once to return up at Sector 86 in Gurgaon, an officer mentioned.

The company and its representatives misled the traders that it has already obtained 17 acres of land and bought the licenses to begin the undertaking, the officer mentioned.

They suggested the complainants to begin making bills for bookings for the undertaking within the pre-launch level, declaring that it was once very nominal at this level and the charges could be double as soon as the undertaking is formally introduced, police mentioned.

The corporate began accepting reserving quantities from the traders a lot prior to the vital approvals had been bought from the authority. The undertaking was once deserted and the quantity was once no longer returned, the officer mentioned.

Investigation printed that Chawla was once one of the most administrators and the authorized signatories within the corporate. He was once arrested on Monday and on launched on bail later as in step with the course of a courtroom, Further Commissioner of Police (EOW) Raj Kumar Singh mentioned.

Chawla used to persuade many of the shoppers to speculate their cash, police added.

Previous, Sumit Bharana and Hem Singh Bharana, who had been promoters of this undertaking, have been arrested on this case, police mentioned.

(Aside from for the headline, this tale has no longer been edited through TTN personnel and is revealed from a syndicated feed.)