Delhi: Builder Arrested for Allegedly Duping Investors Worth Over Rs. 30 crore

New Delhi:  A 42-year-old builder has been arrested for allegedly duping investors for over R

s.

 30 crore on promise of providing them residential properties, police said today.

Manoj Bhardwaj, a resident of Khanpur area, was arrested by the Economic Offences Wing (EOW) of Delhi Police on April 3.

The accused had floated a company without prior registration and land sanction of site plan.

"Manoj had formed M/s Arun Dev Builders Ltd in 1997. His company in 2006 had proposed a township project 'Arun Dev City - Haridwar' without having prior registration, land, approval/sanction of site plan etc.

"Manoj induced gullible investors by showing rosy pictures through luring brochures and advertisement and collected a huge amount of Rs. 36 crore, taking bookings from around 1,500 investors," DCP (EOW) Sanjay Tyagi said.

with thanks : NDTV : LINK : for detailed news.