New Delhi: A 58-year-old civil engineer was arrested for allegedly duping folks on the pretext of investing in actual property, police mentioned on Wednesday.
Sanjay Chawla, a resident of Gurgaon, had cheated 53 folks round Rs 9 crore, police mentioned.
In response to a criticism, Adel Landmarks Ltd had in March 2011 made a pre-launch of a mission named ”Cosmo Court docket”, which was to come back up at Sector 86 in Gurgaon, an officer mentioned.
The agency and its representatives misled the buyers that it has already acquired 17 acres of land and obtained the licenses to start out the mission, the officer mentioned.
They urged the complainants to start out making funds for bookings for the mission within the pre-launch stage, stating that it was very nominal at this stage and the charges could be double as soon as the mission is formally launched, police mentioned.
The corporate began accepting reserving quantities from the buyers a lot earlier than the required approvals have been obtained from the authority. The mission was deserted and the quantity was not returned, the officer mentioned.
Investigation revealed that Chawla was one of many administrators and the authorised signatories within the firm. He was arrested on Monday and on launched on bail later as per the route of a courtroom, Extra Commissioner of Police (EOW) Raj Kumar Singh mentioned.
Chawla used to persuade many of the clients to take a position their cash, police added.
Earlier, Sumit Bharana and Hem Singh Bharana, who have been promoters of this mission, had been arrested on this case, police mentioned.
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