Fraud case: Shipra Group files case against 18 directors of 3 companies including India Bulls
Ghaziabad (IANS) | An FIR has been registered at the Indirapuram police station in Ghaziabad against 18 directors of several companies, including the country’s well-known housing finance company India Bulls. Ghaziabad’s famous Shipra group has lodged an FIR against all of them. The Shipra group alleges that the directors of these companies conspired with them to cheat them to the tune of about Rs 6,000 crore. On the orders of the court of Chief Judicial Magistrate, Ghaziabad, a case has been registered against 18 accused on serious charges of cheating, forgery, threatening to kill, trespassing, assault, forging documents and breach of trust. The special thing is that the accused also include Saket Bahuguna, son of former Uttarakhand Chief Minister Vijay Bahuguna, Saket Bahuguna is currently a Bharatiya Janata Party MLA from Uttarakhand.
A case has been filed on behalf of Amit Walia, a resident of Shipra Mall in Ghaziabad’s Indirapuram Vaibhav Khand. Amit Walia had given a complaint in the court of the Chief Judicial Magistrate, Ghaziabad, on which the CGM, while hearing it, ordered the Ghaziabad police to register it under Section 156 (3) of the CrPC. It has been told in the FIR that his group companies Shipra Estate Limited, Shipra Living Pvt Limited, Shipra Hotels Limited and Kadam Group together do integrated townships, malls, multiplexes, hotels and all other real estate activities across Delhi-NCR including Ghaziabad. India Bulls Housing Finance Limited has come to know that Shukla Group wants to raise loan from the market for its housing project Commercial Group Project.
Amit Walia said, “The value of our 6 properties was above Rs 6000 crores. Indiabulls’ intention was not right from the beginning. All these people wanted to cheat us with the intention of taking possession of our properties. Indiabulls gave us 1686 crores. Rs 866 crore was not given. The company transferred only Rs 866 crore to our account, this money was also withdrawn immediately. The remaining amount of Rs 820 crore was never sent to Shipra group companies. India Post Match Pvt Ltd Managing Director Mohit Singh has been made to sign a lot of documents, which he can misuse.”
Amit Walia alleges that Gagan Banga, Sameer Gehlot, Jitesh Maur, Rajiv Gandhi and others of Indiabulls have agreed to mortgage their properties by trusting him. India Bulls promised to give Rs 1939 crore to Shipra Group. It is alleged that Rs 1686 crore was shown to be given to Shipra Group. That too after making forged documents, there was another attempt to grab 73 acres of Shipra Group’s land located in Sector 128, Noida.
Amit Walia has alleged, “The representatives of India Bulls told us that they have instructions from the top management that their payment must be returned as soon as possible. For this, Shipra Group agreed to sell the land in Sector 128. DLF Housing Pvt Ltd had agreed to buy the land for Rs 1250 crores. India Bulls had agreed to end the dispute by entering into all loan agreements. Despite this the accused illegally arbitrarily pledged the shares to M3M Sold the group company Final Step Pvt Ltd for Rs 900 crore.
It has been said in the FIR that Saket Bahuguna, Sameer Gehlot, Gagan Banga, Rajeev Gandhi and Basant Bansal of M3M company have colluded and caused loss to our company. These persons conspired to grab the land with the intention of making illegal profits and arbitrarily sold the pledged shares of Kadam Developers Pvt Ltd to Finance Pvt Ltd for Rs.900 crores, whereas the shares and land were bought by DLF Company for Rs.1250 crores. Was ready to
–IANS
