Gurugram: An FIR has been registered against nine people, including IREO Group managing director Lalit Goyal and Oberoi Realty Ltd chairman and managing director Vikas Oberoi, under various sections of cheating, criminal breach of trust and forgery, police said on Sunday.
The FIR was registered on the orders of the Chief Judicial Magistrate at the DLF Phase 2 police station on Friday following a complaint filed by Advance India Projects Limited (AIPL), citing charges of cheating, criminal breach of trust and forgery against the accused. I went. Police said.
According to the FIR, IREO and Oberoi - both realty groups - are accused of conspiring to defraud allottees who had invested money since 2013, thus defrauding not only the investors but also the AIPL group.
In its complaint, AIPL claimed that IREO Group embezzled around Rs 1,777 crore and siphoned it out of the country, adding that around Rs 1,376 crore was recovered as advance from allottees.
AIPL alleged that IREO collected Rs 400 crore from around 70 allottees in the Grand Hyatt Residency project in Sector 58 here under this embezzlement scheme.It is also said that several cases were registered against IREO Group in this regard and it was investigated by the Enforcement Directorate and later the group's chief director and accused Lalit Goyal was also arrested. Due to this, the project was stopped midway and cases were filed in different courts on behalf of the allottees.
According to the police, the FIR pertains to the same project for which Oberoi Realty Ltd had recently informed the stock exchanges to enter the Delhi-NCR luxury segment by entering into a joint venture with IREO.
He said, the facts of the present FIR are shocking and highlight how IREO and Oberoi had deliberately conspired to deprive investors who had invested money since 2013.
According to the FIR, not only were investors defrauded, but also AIPL Group, which had entered into an MoU to complete the project and had made substantial progress in resolving the litigation, was defrauded."After various issues of IREO ended with the AIPL agreement, the company entered into an agreement with another builder, Oberoi Group, in bad faith and in violation of the terms and conditions of the agreement. Due to this, AIPL company suffered losses. Thousands of crores,” the complainant said in the FIR.
Following the petition filed regarding this fraud, sections 409 (criminal breach of trust), 420 (fraud), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using forged document) have been registered against nine people. 120-B (criminal conspiracy) of the Indian Penal Code (IPC), the police said.
A senior police officer said that they are investigating the case and the accused will be arrested after verifying the facts.
The FIR was registered on the orders of the Chief Judicial Magistrate at the DLF Phase 2 police station on Friday following a complaint filed by Advance India Projects Limited (AIPL), citing charges of cheating, criminal breach of trust and forgery against the accused. I went. Police said.
According to the FIR, IREO and Oberoi - both realty groups - are accused of conspiring to defraud allottees who had invested money since 2013, thus defrauding not only the investors but also the AIPL group.
In its complaint, AIPL claimed that IREO Group embezzled around Rs 1,777 crore and siphoned it out of the country, adding that around Rs 1,376 crore was recovered as advance from allottees.
AIPL alleged that IREO collected Rs 400 crore from around 70 allottees in the Grand Hyatt Residency project in Sector 58 here under this embezzlement scheme.It is also said that several cases were registered against IREO Group in this regard and it was investigated by the Enforcement Directorate and later the group's chief director and accused Lalit Goyal was also arrested. Due to this, the project was stopped midway and cases were filed in different courts on behalf of the allottees.
According to the police, the FIR pertains to the same project for which Oberoi Realty Ltd had recently informed the stock exchanges to enter the Delhi-NCR luxury segment by entering into a joint venture with IREO.
He said, the facts of the present FIR are shocking and highlight how IREO and Oberoi had deliberately conspired to deprive investors who had invested money since 2013.
According to the FIR, not only were investors defrauded, but also AIPL Group, which had entered into an MoU to complete the project and had made substantial progress in resolving the litigation, was defrauded."After various issues of IREO ended with the AIPL agreement, the company entered into an agreement with another builder, Oberoi Group, in bad faith and in violation of the terms and conditions of the agreement. Due to this, AIPL company suffered losses. Thousands of crores,” the complainant said in the FIR.
Following the petition filed regarding this fraud, sections 409 (criminal breach of trust), 420 (fraud), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using forged document) have been registered against nine people. 120-B (criminal conspiracy) of the Indian Penal Code (IPC), the police said.
A senior police officer said that they are investigating the case and the accused will be arrested after verifying the facts.