Vote for BJP in urban local bodies" poll for "triple engine" govt in UP: Adityanath

UP: Man booked for attempting to rape 5-year-old girl

Congress to mark 100 days of Bharat Jodo Yatra with concert in Jaipur

BJYM, Hindu outfits put off planned protest march at AMU

Karachi battles gas crisis; residents face unannounced load shedding, 2-hr gas supply in a day

Elderly man in judicial custody dies during treatment in UP hospital

Himachal Pradesh skittle Haryana for 46, take 200-run lead on Day 1

Pak court grants protective bail to PM Shehbaz"s son Suleman in money laundering case

British Library celebrates India ties with exhibition on Hampi

Nine policemen suspended after suspect dies in police custody in UP

Gangster"s property attached in UP"s Pratapgarh district

Maoists torch construction company vehicles in Jharkhand’s Chatra district

Sino-India border situation "generally stable": China on Yangtse clash

Babar Azam not taking advice from seniors, claims Shahid Afridi

Qlite Global launches their exclusive Grand Experience Centre

"Disillusioned with central leadership": Sikkim BJP president says he has resigned

2001 attack anniversary: Ready to guard new Parliament if directed, say CRPF heroes

Class 2 student dies after scuffle with fellow students in UP

Three killed in accident in UP"s Lakhimpur KheriLakhimpur Kheri (UP), Dec 13 (PTI) Three motorcycle borne youths were killed and "

Abandoned girl child from Assam adopted by Spanish professor

Home >> Delhi

Delhi: Builder held for duping homebuyers

| Friday | 15th March, 2019

In 2012, the company procured money from several homebuyers and promised them flats within three years. Delhi Police’s Economic Offences Wing (EOW) arrested the director of MVL Ltd., a real-estate company, for allegedly duping homebuyers to the tune of “several crores” by not handing over promised homes at their Bhiwadi (Rajasthan) project called The Palms. AdvertisingThe director, Prem Adip Rishi, was produced at a Delhi court on Thursday. An FIR was filed against Rishi and six more directors of the real-estate company in 2018, which said: “MVL Ltd. promised to deliver flats within three years i.e. A case under IPC sections 406 and 409 (criminal breach of trust), and 420 (cheating) has been registered against Rishi.

Delhi Police’s Economic Offences Wing (EOW) arrested the director of MVL Ltd., a real-estate company, for allegedly duping homebuyers to the tune of “several crores” by not handing over promised homes at their Bhiwadi (Rajasthan) project called The Palms. Advertising The director, Prem Adip Rishi, was produced at a Delhi court on Thursday. “The EOW has 10 cases against the accused. In 2012, the company procured money from several homebuyers and promised them flats within three years. They did not construct anything,” said Suvashis Choudhary, Additional CP, EOW. A case under IPC sections 406 and 409 (criminal breach of trust), and 420 (cheating) has been registered against Rishi. An FIR was filed against Rishi and six more directors of the real-estate company in 2018, which said: “MVL Ltd. promised to deliver flats within three years i.e. by 2016 or latest by 2017. The company represented that it had all necessary approvals… In 2014, they announced a bhoomi pujan, but it didn’t happen.” “Rishi had been absconding for a few months. We tried contacting him, and found out about a court hearing in another case. We arrested him from the court on Wednesday. We are trying to ascertain what he did with the money …. how it was siphoned, and who are the co-conspirators,” said Choudhary.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Delhi Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.