November 30, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Daughter, son-in-law of Jaypee founder held

2 min read
Daughter, son-in-law of Jaypee founder held
Share This :
Daughter, son-in-law of Jaypee founder held
Daughter, son-in-law of Jaypee founder held

NEW DELHI: Delhi Police’s economic offences wing on Tuesday said it has arrested Rita Dixit and Vijay Kant Dixit, the daughter and son-in-law, respectively, of Jaypee Group founder and former chairman J P Gaur, for alleged misappropriation of Rs 12 crore. Investigators claimed that the couple launched a mall project and took money from buyers on the pretext of giving them shops but they failed to deliver on their promise.
Police said the two were directors of a company called JC World Hospitality Pvt Ltd and were living in Greater Noida. “We have arrested them from their residence,” an officer said. According to police, one investor, Dhirendra Nath, along with a few others filed a complaint against the company and its directors.
“Nath had booked two shops in a project named JC World Mall. It was launched by the accused in 2014 in Noida. He [Nath] had paid a sum of Rs 1.75 crore to the company in various instalments,” additional commissioner of police (EOW) R K Singh said.
Singh said the company promised Nath that possession of the units would be handed over in 30 months from the date of the allotment letter.
“Nath told us that the builder has not completed the construction work and no construction was going on at the site for the last 18 months,” the officer said. Nath also claimed that several meetings with the directors had also been in vain.
“We found that the company through its directors has cheated several complainants, buyers on the pretext of providing shops in its project,” the officer said, adding that there were more than 30 complainants.
During the probe, Noida authority informed police that the company had applied for approval of the building plan for the project in 2015, which was returned to them with some objections and they were directed to provide the relevant documents.
“The company did not respond within the stipulated period and, hence, their application for approval of the building plan was rejected. It was also found that Rs 6 crore of buyers’ money was given by the company to a sister concern,” the officer said.

Share This :
Copyright © All rights reserved. | Newsphere by AF themes.