Delhi Police’s Economic Offences Wing (EOW) has apprehended three men for allegedly misappropriating the funds of a company to the tune of Rs 10 crore.
The accused have been identified as Pramod Goel, Krishan Chand Bansal and Anil Gupta. Police said that the accused are also found previously involved in three cases.
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, an First Information Report (FIR) was registered in which the complainant Moneywise Financial Services Private Limited stated that in year 2016, alleged company Indrapuram Habitat Centre Pvt. Ltd had availed a term loan of Rs 10 crore from the complainant company for a period of two years for the completion of its project ‘IHC’ at Indirapuram, Ghaziabad, UP.
“The accused also mortgaged 23 units in the said projects as collateral security. Alleged company had also issued letter of possession in advance in the favour of the complainant company. Complainant further stated that the alleged company has failed to repay the loan amount and has sold/ created third party interest in the said 23 units without any information and approval of the complainant and defrauded him,” said the Joint CP.
“During investigation, it was revealed that the accused Pramod, Krishan and Anil were the directors in the alleged company Indirapuram Habitat Center Pvt. Ltd. After availing the loan of Rs 10 crores, the accused directors did not repay the loan and sold the units mortgaged to the complainant company,” said the Joint CP.
“Investigation with regard to bank statements also revealed that the amount has been misappropriated. It also emerged that the units mortgaged as collateral security have been sold to other investors after taking full payments from them. The accused also offered them assured return on their investment but no assured return has been paid as promised. In a calculative manner the accused company not only cheated the complainant company but also cheated the investors,” said the Joint CP.
“The accused were formally arrested and sent to judicial custody. Further investigation of the case is in progress,” the Joint CP further added.