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EOW ARRESTED ERSTWHILE PROMOTER OF M/S RIGHT REALTECH PVT. LTD. AND M/S BRYS PROJECTS PVT. LTD ON CHEATING 12 CRORES

October 22, 2020 04:40 PM

THE INVESTIGATING TEAM ARRESTED ACCUSED RAHUL GAUR, S/O SH. BANWARI LAL GAUR, R/O H. NO./ C-2057, SEC-43, GURGAON, HARYANA AND TAKEN IN POLICE CUSTODY. IT HAS BEEN FOUND THAT THE ACCUSED PERSON IS ALSO INVOLVED IN FIVE OTHER CRIMINAL CASES. FURTHER INVESTIGATION IS IN PROGRESS.

Accused Rahul Gaur
 New Delhi (Face2News)

Economic Offences Wing of Delhi Police has worked out a case of cheating in respect to shares worth Rs. 12 crores with the arrest of one accused person namely Rahul Gaur in case registered vide FIR No. 121/16 dated 29.07.16, U/S: 406/420/120-B IPC, PS: EOW, New Delhi. 

Dr. O.P. Mishra, IPS, Jt. Commissioner of Police, Economic Offences Wing, said M/s Reputed Real Estate Pvt. Ltd. through its Director Sh. Sharan Pal Singh Sethi had alleged that Directors namely Rahul Gaur and Mrs. Navneet Bhadla of M/s Right Realtech Pvt. Ltd. and M/s Brys Projects Pvt. Ltd. induced the complainant company to invest in their company saying the company was being allotted land for Group Housing Society by Greater Noida Authority. Subsequently the complainant invested Rs. 8 Cr. in the year 2014 in M/s Right Realtech Pvt. Ltd.

The complainant was given 37% share of the M/s Right Realtech Pvt. Ltd. and was also made Director. However, the land was allotted in M/s Brys Projects Pvt. Ltd. and investment of the complainant was transferred into this company and share of this company was given to the complainant company in 2015.The accused persons hatched a well planned conspiracy and they lured investors to make investments in their company and assured them lucrative returns. However, keeping the investors in dark, the accused persons diluted share percentage of the victims by issuing additional shares to other victims.

The complainant was given 37% share of the M/s Right Realtech Pvt. Ltd. and was also made Director. However, the land was allotted in M/s Brys Projects Pvt. Ltd. and investment of the complainant was transferred into this company and share of this company was given to the complainant company in 2015.

However, the complainant came to know that the alleged persons had diluted share holdings of the complainant company by increasing share capital of M/s Brys Projects Pvt. Ltd. and issuing shares to other company M/s Rakesh Projects Pvt. Ltd. namely and individuals namely Mr. Vikram Kathuria and Mr. Sandeep Madan without disclosing exact facts of share holdings of the company.

In this regard a case vide FIR No. 121/16 dated 29/07/2016 U/S: 406/420/120B IPC was registered at PS EOW and taken up for investigation. A team consisting of IO/Inspector Dharmendra Kumar and ASI Naresh under the close supervision of Sh. Kapil Parasher, ACP/EOW and overall supervision of Sh. Mohammad Ali (IPS), DCP/EOW was formed to conduct investigation. During investigation, other victims also came forward with similar allegations.

Dr. O.P. Mishra further said, relevant regards were collected and verified. Further, concerned persons were examined and during investigation, sufficient evidence came on record against the accused persons.

MODUS OPRENDI : The accused persons hatched a well planned conspiracy and they lured investors to make investments in their company and assured them lucrative returns. However, keeping the investors in dark, the accused persons diluted share percentage of the victims by issuing additional shares to other victims.

The investigating team arrested accused Rahul Gaur, S/o Sh. Banwari Lal Gaur, R/o H. No./ C-2057, Sec-43, Gurgaon, Haryana and taken in Police Custody. It has been found that the accused person is also involved in five other Criminal cases. Further investigation is in progress.

 
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