The Economic Offences Wing (EOW) of Delhi Police have arrested a 42-year-old chef-turned-builder, Ashley Noel Concessio for allegedly duping around Rs25 crore from 3,000 investors of Delhi and NCR by promising them residential plots in Navi Mumbai.
Joint Commissioner of Police (EOW) Sandeep Goel said that Ashley was arrested on Monday from Andheri (East).
“We have received around 400 complaints against Ashley. He had floated a residential plots project Pragati Valley in Navi Mumbai through his firm in 2005. He allegedly sold around 5,000 plots with the help of marketing agents in Delhi collecting Rs25 crore from the investors. However, He later reneged on the deal and fled without refunding investors money,” he added.
Ashley who was born and brought up in Bandra, Mumbai had worked as a Chef in Kuwait for two year and jumped into Real Estate sector in 2005 after coming back to Mumbai.
“He started a proprietorship firm in the name of Pragati land and Housing Corporation which purchased some land in Karzat near Navi Mumbai for the project Pragati Valley. However, Maharashtra Government did not give necessary approvals regarding change of land use for the residential project. As the project could not come up, he sold the land and fled away,” Goel said.