Police ask firm accused of cheating to furnish docs

Delhi Police has sought property related documents from Cosmic Structures Ltd, a real estate company that allegedly used another firm’s name to gain investor’s trust and then cheated them.

As per the FIR filed by a retired bank manager, the firm had mentioned the projects executed by some other developer in their brochures and other advertisement material which ‘enticed’ him to invest with them.

‘We had issued notices to the firm to produce documents regarding the claims made by them. Some of the documents have been submitted to us. We have further sought more documents so that all of them could be verified,’ said a police official.

‘We had registered an FIR after a court order. Our investigations are underway, we are probing all aspects in the case,’ said Additional Commissioner of Police (West) Ranveer Singh.

The FIR was lodged earlier this year by one Surrinder Kumar Bangla, a former Assistant General Manager at SBI, against the promoters of Cosmic Structures Ltd at Janakpuri Police Station of West Delhi under provisions like sections 420 (cheating), 120B (criminal conspiracy), etc.

Bangla allegedly paid Rs 70,000 and booked a virtual space in an upcoming tower in Noida of Cosmic Structures Ltd after its promoters provided him with a list of projects they claimed to have developed, constructed and delivered across the country.

‘However, Bangla later came to know that the projects Cosmic Structures Ltd was boasting off were actually of Quality Constructions and he demanded a refund. He later approached court and got an FIR registered,’ said the official.