Misrod police have booked property dealer who duped victims to the tune of Rs 100 crore in collusion with bank officials by mortgaging 23.07 acres with DHFL.
The master mind Sunil Moolchandani was booked for cheating landowners by preparing fraudulent documents with bank employees and availed Rs 100 crore for developing project which never materialised.
The action was taken against the land mafia under special campaign monitored by senior officers. The case has been registered against four accused and Sunil Moolchandani
The land owners Ramesh Kumar Bhavnani, Sheetal Devi, Pinan Chawla, Roshan Chawla and Darshan Chawla on July 13, 2009 entered an agreement with the accused for total 9.344 hectare i.e. 23.07 acres to develop project on the land.
About 23 acres of land was mortgaged to DHLF Home Loan Finance Company by Sunil Moolchandani by luring the victims.
The loan amount was to be released by DHLF in installments, but with the connivance of the bank employees, Sunil Moolchandani got about 100 crore rupees of the loan in his account only after doing partial construction and stopped the project from not completing and the loan money.
The bank issued only 3 NOCs were issued by the bank but without the consent of the landlords by the accused Sunil Moolchandani and the bank's 15 NOCs were forged.
The loan was passed by DHLF Bank in collusion with the accused by not giving loan and the money was used by the accused in other works and for his own projects.
Police have registered case under sections 420, 467, 468, 471 of the IPC against Sunil Moolchandani and Gopichand Moolchandani, DHLF Bank director Kapil Wadhawan and promotor Dhiraj Wadhawan and other bank employees.