November 23, 2020 09:33 PM

 New Delhi (Face2News)

Economic OffencesWing, Delhi Police arrested Jai Bhagwan Singhal S/o Late Sh. Pati Ram Singhal R/o H.No. 24, Road No. 20, East Punjabi Bagh, New Delhi (Age-55 yrs) in FIR No. 26/17 dated 13.02.2017 u/s 420/406/120B IPC & 82 Registration Act, ofPS EOW.

 Dr. O.P. Mishra, Joint Commissioner of Police, EOW, said,  the present case was registered onthe complaint of Sh. Alok Kumar, Authorised Representative, Dewan HousingFinance Corporation Ltd. against Jai Bhagwan Singhal and ors. Complainantalleged that Jai Bhagwan Singhal and his family members availed loan against Plot No. 20, Raod No. 23, East Punjabi Bagh, New Delhi of Rs.4.95 Crores and createde quitable mortgage of the property by submitting original title documents of the above property.

After availing the loan accused Jai Bhagwan Singhal sold 2nd Floor to Smt. V.Sunita Rao for a sale consideration of Rs.1,25,50,000/-. Similarly 3rd Floor with stilt and terrace right of the above property sold to Smt. AnjuSaluja for a sale consideration of Rs.1,06,00,000/- without any permission fromDHFL and also filed wrong information with the Sub-Registrar office that the property is free from all sorts of encumbrances and mortgage.  A team was constituted under the overallsupervision of Shri Mohammad Ali, DCP/EOW consisting of ACP Shri Virender SinghSejwan, Inspr. Shivani, ASI Tahar Singh to apprehend the accused. 

MODUS OPERANDI:  Theaccused with knowledge and fraudulent intention sold part of the mortgaged property (2nd and 3rd Floor) to two buyers withoutgetting any permission from the complainant NBFC i.e. DHFL. 

Accused Jai Bhagwan Singhal has been arrested in the case and one day Police Custody Remand has been obtained. Further investigation of the case is on progress. 

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