Zirakpur police on Sunday registered one other case in opposition to Gupta Builders and Promoters Restricted on the fees of dishonest and felony breach of belief.
The builders had round September this 12 months gone lacking after having cheated a number of traders and police mentioned they’ve didn’t find any GBP promoters up to now.
It was speculated that the accused had fled overseas. One of many promoters had additionally in September shared a video on social media claiming that he had gone to UK to search out new traders for his tasks.
On September 28, via an open letter through social media, one in every of group’s administrators, Satish Gupta, had assured the traders that they have been overseas to hunt investments and had attributed the delay in finishing the tasks to the pandemic.
The corporate owns main housing and business tasks in Zirakpur, Derabassi, and Kharar.
In line with data, Ujjwal Sethi, a resident of Sector 45-A, Chandigarh had lodged a criticism with the police stating that the GBP group was growing a housing mission in Ramgarh Bhudha village. Sethi in his criticism mentioned that the corporate, nevertheless, had stopped development halfway.
“Not less than 70 individuals had taken dwelling loans from banks and paid the cash to the traders. However the promoters of the corporate fled after taking the cash. The development of the mission was additionally stopped halfway,” Sethi alleged in his criticism.
Performing on the criticism, police registered a case underneath sections 420 (dishonest) and 406 (felony breach of belief), and 120-B (felony conspiracy) of the Indian Penal Code (IPC). The corporate’s builders — Satish Gupta, Raman Gupta, and Pardeep Gupta — have been named as accused.
The promoters of GBP group had allegedly fled the nation after leaving a number of tasks halfway, leaving a whole lot of traders within the lurch.
After the Pearl Group rip-off, the GBP case is without doubt one of the greatest within the district when an organization is accused of allegedly duping a whole lot of traders to the tune of crores.
Zirakpur police had already registered a case in opposition to the corporate in September after the builders had allegedly fled.
A police officer aware of the investigation mentioned that that they had already issued a Look Out Round (LOC) and can quickly hint all of the accused.