Delhi Police EOW arrested two in DDA land pooling scam of Aerocity Dwarka scheme
New Delhi, April 2
The Delhi Police EOW arrested two in Aerocity Dwarka for allegedly cheating citizens to the tune of Rs.
The accused was identified as Meghraj Rathore (47) from New Friends Colony and Amit Kumar Sharma from Gurugram.
The EOW stated that the accused persons were found to be promotor of alleged company, M/s Dwarka Heights Co-operative Housing Society Ltd. In present case, the project – ‘Dwarka Heights’ was launched by their company namely M/s Nivesh Global in the name of Land Pooling Policy of DDA and payments were received from the victims/home buyers. T
The accused Meghraj Rathore was also found involved in a similar type of case and declared as a proclaimed offender under sections 406, 409, 420 and120B of the Indian Penal Code wherein around 200 investors victims were cheated under the project Aerociry Dwarka to the tune of Rs. 28 Crores.
The EOW previously arrested six office bearers of Aerocity Dwarka Society.
The officials added that various attractive schemes were being floated in the market by different societies or builders in the name of DDA’s Land Pooling Policy demanding registration fee/ initial payment booking of property/ flats. However, DDA has not issued any license or authorized any Developer/Builder/Society/Company to undertake the process of development in the sectors under land pooling policy. Further, DDA shall be able to issue such provisional/ final development licenses once the sector is qualified for development. As per the notified policy, in order to make the sector eligible for development, a minimum of 70% contiguous land of the developable area within the sector - free of encumbrances is to be pooled.
The EOW mentioned that as per the investigation and the contents available on the alleged website it has come out that the name of land pooling policy of DDA has been used to give an impression and spread a message in the masses that the projects are duly authorized by the competent authority. In this way, the facts were misrepresented and the material information with regard to the DDA’s approval pertaining to the proposed projects has been suppressed in order to induce the public at large.
The EOW investigation revealed that Delhi Development Authority (DDA) envisaged a policy in the name of Land Pooling Policy for ensuring availability of sufficient houses under planned development of Delhi and in anticipation of this scheme, various Builders and Promoters grabbed it as an opportunity to exploit the situation by showing rosy pictures to innocent flat buyers and raised huge amounts from them for advance bookings in the name of registration/allotment etc.
The investigators added that as per the report procured from DDA, it has not issued any license or approval to any of these Societies and no one is authorized to advertize/Market/book/sell/invite persons to purchase any plot/flat in any project under the land pooling area without any prior registration of the project under RERA.
The amount of approximately Rs. 140 crores were collected by the alleged Company/society M/s Dwarka Heights Co-operative Housing Society Ltd. from about 500 gullible investors in the name of making them available flats at Dwarka, New Delhi under Land Pooling Policy of DDA.
The accused of the DDA land pooling scam have been grabbing the DDA’s newly launched Land Pooling Policy as an opportunity in view of heavy housing requirement in Delhi. The accused induced citizens through misrepresentation of the facts pertaining to this policy and offering affordable housing, using aggressive marketing through mass messages, fictitious portals, electronic advertisements on e-Media, circulation of pamphlets etc. and collecting hefty commissions to the agents bringing the bookings of these housing projects.
The officials added that during investigation it is found that accused by appointing his employees as office bearer/directors in alleged Society collected and diverted amount of approx. Rs. 140 Crores from account of society in to his company and other fictious firms.
The EOW is further investigating the case to probe the alleged misappropriation and siphoning off funds and the roles of other conspirators & associates is in progress. The EOW had previously arrested namely Amit Kumar, Vice Chairmen of the alleged society.
