EOW arrests man for duping buyers

New Delhi: The Economic Offences Wing (EOW) of Delhi Police on Friday said that they have arrested a person for duping buyers of their money. Police identified the accused as Rajneesh Nagar. "In the case, it has been alleged by the complainant Ramkes Basist that being the director of the private company, Rajneesh Naagar duped the crores of rupees of innocent buyers by siphoning of funds to his parallel companies," police said.

The FIR in the case reads that the company had launched a residential flats project at group housing plot in Greater Noida West where the company is constructing 807 flats. "All projects since the beginning were managed and executed solely by Rajnish Nagar," FIR reads.

According to the FIR, Nagar misused his positions and criminally breached the trust of other directors of the company as well as buyers of flats in the project and the banks by way of collecting huge money from buyers as well as from different banks in the name of the project. Amount around Rs 250-300 crores was collected and despite this the project is incomplete. During the course of internal enquiry it has come to light that more 90 flats out 160 have been sold to multiple buyers in connivance with associates of accused persons, FIR reads.