Unitech bosses sent to police custody in fraud case

The promoters of real estate firm Unitech Ltd, Sanjay Chandra and Ajay Chandra, have been sent to police custody for four days by a Delhi court, in an alleged cheating case relating to a housing project in Greater Noida

Additional chief metropolitan magistrate Sandeep Garg, remanded Unitech promoters Sanjay Chandra and Ajay Chandra to police custody, for interrogation into an FIR lodged by an 85-year-old woman, alleging fraud by the firm and its directors for not handing over an apartment booked by her in 2006. The FIR, lodged in 2016, said that in March 2006, Unitech Ltd had floated a residential project in Greater Noida in Uttar Pradesh, called ‘Unitech Cascades’, which was booked by her the same year for an amount of Rs 43 lakhs. Out of this amount, she had already paid Rs 41 lakhs for the flat, which was to be given to her by April 2008, as per the flat buyer-cum-allottment letter, it claimed.

However, as the delivery date approached, the company officials told her that they were running behind schedule and the flat would be allotted by the last quarter of 2008. Soon, the company officials stopped responding to the complainant’s queries and did not update her about the progress of the construction, the FIR alleged, adding that till date, the construction was not complete.

See also: Court extends Unitech Ltd promoter’s interim bail

The Chandras have been accused of offences under sections 120B (criminal conspiracy), 420 (cheating) and 406 (criminal breach of trust) of the IPC. In the same housing project, another buyer had lodged an alleged cheating complaint against the promoters, in which a sessions judge had last year ordered initiation of proceedings against the Chandras, saying they had ‘guilty intention to cheat from the beginning’.

In the last few years, several FIRs have been lodged against the Unitech top brass, for allegedly cheating home buyers by not delivering them properties purchased from their firm’s housing projects. Sanjay and his brother Ajay Chandra, both managing directors of Unitech, were sent to jail last month, in connection with a cheating case registered against them by flat owners in a Gurgaon project. A trial court had granted them interim bail for three months, in April 2017 and declined to extend it.

 

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