FIR against Vatika Group MD, three others on fraud, cheating charges
| Thursday, September 8, 2016 - 18:29
Gurgaon: A case of cheating and fraud has been registered against real estate developer Vatika Group's managing director and three others, Gurgaon police said on Thursday.
Those booked on the basis of a complaint by Delhi's Santpura resident Suman Preet Kaur are the group's Managing Director Gautam Bhalla, directors Anil Bhalla and Gaurav Bhalla and the company's sales and client service head Ankit Nagpal.
They have been booked under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at the Sector 29 police station here.
Police officer Kanwar Singh said complainant Kaur had invested Rs 28 lakh in an assured return scheme pertaining to one of the Vatika Group projects on July 27, 2014, but the developer allegedly failed to deliver on the promises made and never returned her deposited amount.
The case was registered after an inquiry by the Economic Offences Wing of the police.
No one from the Vatika Group was available for comments on the matter.