Two real estate firm directors booked

New Delhi: Two directors of a real estate firm were booked by Economic Offences Wing of Delhi Police. The complainant in the case claimed himself as an IT professional. According to police, the complainant had named more than 10 persons including bank officials and others in his complainant for committing forgery of valuable documents, cheating, criminal breach of trust, falsification of accounts and embezzlement of funds collected from him and other persons and causing illegal loss of more than Rs 2.30 crore.

Further the complainant said that the suspects had modus operandi in which they take a loan on the name of some persons and pay EMI for a few months and then stop. They take the loan and put the liability upon borrower and once the apartment becomes the distressed asset of banks then they buy it from the bank at a low rate and again sell it at market rate.

"In early 2017 I had to shift to Delhi due to a change in my job. For myself and my family members, I required residential accommodation on rent in NCR. that is when I came in contact with the suspects," complaint said.

Four suspects called him for meeting in New Delhi where they induced complainant to invest in a project in Bhopal. "He did not have enough money and not intended to invest in any project after taking any type of loan from anywhere," police further added. First, the complainant denied but later after several attempts victim was lured to invest in the project.