The director of a real estate company arrested for having deceived more than 400 people

The Economic Crimes Wing of the Delhi Police on Sunday arrested a director of a real estate company for allegedly deceiving people on behalf of a real estate project. According to Delhi Police, accused Prem Shankar Gupta (66), a resident of Sector 104, Puri Emrald Society, Gurugram had defrauded over 400 victims of Rs 16 crore (approx) by tricking them into investing in his scheme. “County Garden” housing of M/s Om Krishna Developers Pvt Ltd to be developed in Neemrana, Rajasthan.

Gupta has been reserved under IPC Section 406/420/120B. Deputy Commissioner of Police EOW Jitendra Kumar Meena said the case was filed on the complaint of Suresh Mansukhani, a resident of Kenwood Towers, Charmwood Village, Faridabad against M/s Om Krishna Developers Pvt Ltd. having an office at Express Arcade, Netaji Subhash Place, New Delhi and its directors namely Prem Shankar Gupta, Urmila Gupta (wife) and Diksha Gupta (daughter) for their housing project “County Garden” to be developed in Neemrana, Rajasthan.

Meena said the plaintiff was awarded land No. F-669 measuring 150 square meters against his investment of Rs 10.16 lakh in said housing project by alleged trustees but possession of the land could not be delivered and the project has also not been developed till date. During investigation, it was found that they had no legitimate land nor did they have permission from the Urban Development Trust, Bhiwadi to develop a residential settlement there. . Subsequently, the aforementioned case was registered and an investigation was initiated.

Delhi Police said Prem Shankar Gupta had played an active role in the business of the accused company with his family. “The accused persons instigated the general public with dishonest intent through advertisements/agents of M/s Om Krishna Developers Pvt Ltd to invest in their County Garden housing project when it was not approved by concerned authorities. They did not even request to change the land use of the land allocated to them for the said housing project. On the assurance of the alleged persons, a large number of people from the general public were attracted through their housing project and have invested their hard-earned money, which collectively amounts to a very huge sum in crores,” the police said. .

The Economic Crimes Wing of the Delhi Police raided the Puri Emrald Society, Gurugram on Sunday and arrested Prem Shankar Gupta. His exploits Urmila Gupta and Diksha Gupta are on the run and a non-releasable warrant has been issued against them. (ANI)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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