New Delhi, Nov 16 ( PTI) Delhi Police has sought property related documents from Cosmic Structures Ltd, a real estate company accused of using another firm’s name to gain investor’s trust and allegedly cheating them.
As per the FIR filed by a retired bank manager, the firm had mentioned the projects executed by some other developers in their brochures and other advertisment material which enticed him to invest with them.
“We had issued notices to the firm to produce documents regarding the claims made by them. Some of the documents have been submitted by them. We have further sought more documents so that all of them could be verified,” said a senior police official.
Our investigations are underway, we are probing all aspects in the case, he said.
An FIR was lodged by one Surrinder Kumar Bangla, a former Assistant General Manager at SBI, against the promoters of Cosmic Structures Ltd at Janakpuri Police Station of West Delhi under provisions like Sections 420 (cheating), 120B (criminal conspiracy), etc.
Bangla allegedly paid Rs 70,000 and booked a virtual space in an upcoming tower in Noida of Cosmic Structures Ltd after its promoters provided him with a list of projects they claimed to have developed, constructed and delivered across the country.
“However, Bangla later came to know that the projects Cosmic Structures Ltd was boasting off were actually of Quality Constructions and he demanded a refund. He later approached court and got an FIR registered. Police is investigating the case,” said the official.
Meanwhile, the owner of Quality Constructions, Rajesh Lamba, who is the brother of late cricketer Raman Lamba, approached Delhi High Court requesting it to restrain Cosmic Structures Ltd from using his name for their promotion.
The ruling as sought was granted to Lamba by the court in an order on April 3. He has also filed a case in this regard at EOW and it currently is under investigation.
Delhi Police is giving increased attention to cases related to property related fraud these days.
Recently, Sunil Dahiya, a director of Vigneshwara Developers Private Ltd was arrested by the Economic Offences Wing of the Delhi Police for allegedly duping scores of investors to the tune of Rs 160
crore.
Dahiya was wanted by the EOW in three cases which were registered at its Mandir Marg Police Station.
Approximately 700 investors had invested in the projects launched by the company.
“We had received complaints from nearly 350 investors who were allegedly cheated to the tune of Rs 160 Crores by the directors of the accused company,” Deputy Commissioner of Police (EOW) Mangesh Kashyap had said.
Check the link : http://www.business-standard.com/article/pti-stories/police-ask-firm-accused-of-cheating-to-furnish-property-docs-114111600242_1.html
Cosmic Group india real estate issues 