A 34 year-old director of a company has been arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly duping a man to the tune of Rs 3 crores.
The accused has been identified as Pankaj Kumar Agarwal, a resident of Krishna Nagar and also the director of Amenity Promoters Private Limited (APPL).
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, the accused Pankaj Kumar Agarwal in conspiracy with co-accused Pankaj Dayal and Sandeep Kumar misrepresented that their company APPL was in process of purchasing 5.06 acre agricultural land in village Jhatikara for which the company had already paid Rs. 3 Crore (advance money) to the land owner.
“They misrepresented that they will conclude the purchase of the land and find a suitable thirty-party buyer to further purchase land on or before July 28, 2014. The accused Pankaj Dayal, Pankaj Agarwal were shareholders and authorized signatory to the Bank account of accused company,” said the Joint CP.
“Sandeep Kumar and Pankaj Agarwal are the directors of the company while Pankaj Dayal executed an MOU on behalf of company and received Rs. three Crore and utilized the amount for personal use,” said the Joint CP.
“The accused Pankaj Agarwal was arrested while his associate Pankaj Dayal, who is also the main conspirator is already in judicial custody. The accused has been found involved in two cases of cheating registered against them in Delhi. The accused used to lure innocent buyers to invest in the property and duped them,” said the Joint CP.