Several unsold shops and spaces at Noida's Great India Place Mall are among properties worth nearly Rs 300 crore attached by the Enforcement Directorate in a cheating case. A chunk of commercial space in Rohini and leasehold rights over land in Jaipur got seized.
This action follows complaints filed by the Gurugram Police against International Recreation and Amusement Ltd. and its partners for cheating. They allegedly collected over Rs 400 Crore from around 1500 investors, promising homes and shops in Gurugram, but nothing came through.
The ED suspects that the money was diverted to other companies and individuals for personal gain. They also suspect shady deals by company bosses to avoid paying back investors.
"The directors/promoters of International Recreation and Amusement Ltd siphoned off more than Rs 400 cr [belonging to investors of sector 29 and 52-A, Gurugram project] with a premeditated intent to park the investors funds with other related entities and then sell off the company at cheap valuations and get rid of all the liabilities of investors," the ED alleged.
Boyfriend Kills Noida Woman In Front Of Son, 4, For Refusing To Leave Husband Man Forges Son's Document To Shied Him In Rape-Murder Case, Arrested How Cyber Thieves Cleaned Out Rs 16.5 Crore From Bank In Noida Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History Russia Launches ICBM At Ukraine In Stern Message To Kyiv, Western Allies Meet 69-Year-Old St Stephen's Alumnus Who Posed As Ex IPS To Con Officials Delhi University To Extend Re-evaluation Option To Law Students Zomato CEO Stunned By 10,000 Applications For Rs 20 Lakh-Fee Job "You'll Leave Through Chimney": Nazi Death Camp Inmates In France Were Told Track Latest News Live on NDTV.com and get news updates from India and around the world.