Varanasi: Alerted by the income tax department about alleged utilisation of a fake completion certificate for tax evasion by a local real estate company, the Varanasi Development Authority (VDA) has lodged an FIR with the police for further investigation in the case.ACP Cantt, Atul Anjan Tripathi on Friday said that after getting a complaint from VDA, an FIR against real estate firm Vinayak Nirman Private Limited was lodged with Cantt police station on Wednesday. The case against the company was registered under section 420 (cheating), 467 (forgery of valuable security), 468 (forgery for purpose of cheating) and 471 (fraudulently or dishonestly using as genuine any document) of IPC, he said, adding that investigation in this matter has been started by police.The FIR was lodged by VDA zonal officer Prakash Kumar. The agency avoided mentioning the name of any official or employee of the company in this case.On being contacted, VDA vice-chairman Abhishek Goyal said, It was the initiative of the IT department. Following their investigation, the IT department had asked the VDA to verify the documents made available by the company regarding its projects including Varuna Gardens.The Varuna Gardens residential apartment was constructed just behind the VDA compound and has district headquarters and divisional commissioners residence in its vicinity. The VDA started verification of documents when it came to light that the project had been started with a sanctioned map. However, during this probe, VDA found that no such certificate was issued by the joint secretary of the authority to the real estate company for the project, Goyal said, adding that thereafter the IT department asked VDA to lodge an FIR.The IT department sleuths from Lucknow recently attached 45 flats built in the Varuna Gardens project, some floors of a commercial complex and other assets of the Vinayak Group following its raids in October first week.We also published the following articles recentlyCheating case: Supreme Court rejects bail plea of former promoters of real estate firmThe Supreme Court has rejected the bail plea of former promoters and directors of real estate company AN Buildwell, who were accused of cheating home buyers by failing to deliver possession of flats in Gurgaon. The court asked them to surrender and dismissed their plea for bail. The court also directed police to not arrest one of the accused, Sunil Gandhi, for eight weeks. The home buyers are hopeful for justice and have appealed to authorities to renew the projects license, which has been pending for two years.FIR on Bandra dermatologist for using fake medical certsDr. Ruby Tandon, a dermatologist in Mumbai, has been booked by the Bandra police for allegedly using fake medical certificates to run Shiffa Wellness. The certificates were found to be issued in different names during online verification. The certificates have been sent for verification to the medical council, and if found to be fake, action will be taken against Dr. Tandon. Her husband, Amit Tandon, did not respond to inquiries.Goldman Sachs profit plunges on impact from fintech sale, real estate betsGoldman Sachs reported a lower net profit of $2.06 billion in the third quarter due to write-downs on its GreenSky fintech business and real estate investments. The bank lost $3 billion in its consumer banking venture and is now refocusing on investment banking and trading. CEO David Solomon expects a recovery in capital markets and strategic activity if conditions remain favorable. While revenue from asset and wealth management slipped 20%, investment banking fees remained largely unchanged. The US Federal Reserve may raise interest rates again this year, according to bank executives.

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