lsquoIn jail for fraud but 3 builders live in luxuryrsquo

Delhi | Saturday | 22nd September, 2018

Summary:

The developer had diverted the money collected from investors to over a dozen other companies illegally with the intention of cheating. The developer had allegedly collected Rs 1,000 crore from investors for residential and commercial projects in Sector 74, Manesar, and Sector 70, Gurugram. While the Manesar project, which had started in 2006-07, was partially completed, for the one in Gurugram, only excavation work was done. “We are afraid that this would influence the probe and undermine the justice,” said Javed Anand , another investor.The jail authorities could not be reached despite repeated attempts. We have also filed a complaint to the ADG (law and order) and the director-general (prisons), requesting them to break this nexus between the developers and jail staff in Bhondsi..