Two brothers cheated 45 crores from associate: Fraud within the title of flats underneath building of Concord Properties and Actual Heights in Sector 40 of Panipat


Panipat13 hours in the past

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Complainant Sufferer Atar Chand.

Two actual brothers companions of Concord Properties and Actual Heights in Panipat district of Haryana have cheated their companions to the tune of Rs 45 crores. Within the case, the sufferer reached the SP workplace and pleaded for justice. On this, the SP ordered the Sadar police station to right away examine and register a case. On the orders of the SP, the Sadar police station has registered a case of dishonest towards the 2 actual brothers. Police is making an attempt to arrest each.

The sufferer pleaded with the SP

Within the grievance given to the SP, Atar Chand informed that he’s a resident of Babarpur Mandi. He’s the Director of M/s Actual Peak Builders Non-public Restricted Firm. Sanjay Gupta and Rajesh Gupta resident of Eldeco Panipat are additionally share holders and companions in his firm. Each are brothers. He informed that 10.58 acres of land was within the title of him, his agency and different members of the family in Sector 40 village Shimla Maulana district Panipat. On which he wished to develop an reasonably priced group housing colony by way of a brand new firm. Sanjay Gupta and Rajesh Gupta confirmed curiosity on this challenge and agreed to take a position 8 crores of their 25% share.

Real brothers Sanjay and Rajesh Gupta, who cheated 45 crores.

Actual brothers Sanjay and Rajesh Gupta, who cheated 45 crores.

After this, the full land used for the event of Reasonably priced Group Housing Colony and bought its actual top registered within the title of Builders Non-public Restricted. In August 2017, each the accused made post-dated releases from the account of their personal agency Mahalaxmi Properties in lieu of paying their share of funding amounting to ₹8 crore. In 2018, supplied to purchase Attar Chand’s share of property, shareholding and whole enterprise of the corporate within the above firm. In February 2018, the accused had written an settlement relating to the route for use for transporting building materials from Attar Chand and his different land to the challenge website. The above accused launched the cost of further 60 crores in 5 six months in respect of advance checks.

Under construction flats in Sector 40, in whose name the fraud was done.

Underneath building flats in Sector 40, in whose title the fraud was carried out.

After this, the land used for the event of Reasonably priced Group Housing Colony and bought its actual top registered within the title of Builders Non-public Restricted. In August 2017, each the accused in lieu of paying their share of funding quantity of 8 crores made post-dated releases from the account of their personal agency Mahalaxmi Properties. In 2018, Atar Chand’s share within the above firm supplied to purchase the property, share holding and all of the enterprise of the corporate.

In February 2018, the accused had written an settlement through which Atar Chand and his different land had written to make use of the route for transporting building materials to the challenge website. The above accused launched a further cost of 60 crores in five-six installments in respect of advance checks.

The accused paid their first installment on time. They may not pay the following installment on time. On which, based on the settlement, the full quantity after levying curiosity grew to become 9 crore 73 lakh 20 thousand. When checks of this quantity have been positioned within the financial institution, they bounced. The bouncing examine case is pending within the courtroom.

Since then the accused haven’t paid any installment. Through the police investigation, it got here to mild that based on the settlement, the accused had cheated Atar Chand of about Rs 45 crore. Police have began additional motion by registering a case towards each the accused brothers Sanjay Gupta and Rajesh Gupta underneath sections 406, 420 of IPC.

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