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New Delhi: The CBI Cash, jewelery and documents worth over Rs 50 crore have been recovered during the raids against the directors and guarantors of the real estate firm. Gardenia India Ltd. has been booked for alleged bank fraud of Rs 109 crore, officials said on Friday.
Builder Sanjeev Kumar, an accused in the case, had jumped from his apartment in Sector 72. Gurugram When a CBI team went to arrest him, his leg was injured, he said.
The agency has registered a case against directors/guarantors Sanjeev Kumar, Manoj Kumar Ray, Anupama Kumari, Poonam Kumar, Gardenia India Limited and corporate guarantors. Gardenia Shelter Pvt. Ltd. and Futech Shelters Pvt. Ltd., he said.
It had carried out searches at six places including Delhi, Noida, Ghaziabad and Gurugram.
During raids at the premises of the accused on Thursday, the CBI recovered cash worth Rs 80.30 lakh (approx), fixed deposits worth Rs 8.84 crore, gold bars and coins worth Rs 35 lakh, documents related to several properties worth Rs 38.86 crore. and gold and diamond jewellery, the CBI spokesperson said.
He said the assets were allegedly acquired in New Delhi, Ghaziabad, Gurugram, Bengaluru and Hajipur (Bihar).
The accused had bought properties worth Rs 36.50 crore in the last four years.
“Apart from the said recovery, several documents of property including a large amount of land taken on lease in the year 2019 at Hajipur (Bihar) have also been recovered. Three luxury cars including Mercedes Benz, Rado, Rolex, Longines, Bulgari, approx. Contains 13 premium watches.” Also found were 19 premium pens including Swisstar, Hublot, Emporio Armani, Ulysse Nardin and Omega and Mont Blanc, Waterman, Ferrari etc,” the spokesperson said.
It is alleged that the builders have committed bank fraud of about Rs 109.17 crore in a consortium of Union Bank of India (lead bank) and Corporation Bank (Corporation Bank is now merged with Union Bank of India).
“The account of the said private company was classified as NPA by Union Bank of India on December 31, 2015 and by the erstwhile Corporation Bank on July 02, 2014,” the spokesperson said.
Officials said the builder and his firms allegedly had several disputes with apartment buyers, who staged protests against them, in 2017 when the company was scheduled to develop the real estate.
The spokesperson added, “The said borrower company had availed term loan from Union Bank of India and erstwhile Corporation Bank. In addition to the personal guarantee provided by the directors of the company, corporate guarantee was also provided by two other private companies located in Delhi.” Went.”
He said the banks found that the loans given by them to the company were diverted and the collateral assets were allegedly disposed of without informing the association.
Officials said the accused allegedly kept avoiding project designated escrow/current accounts to divert the sale proceeds of collateral and loan funds to related parties.
“The company had allegedly opened accounts in non-consortium bank in violation of the terms and conditions and received huge amounts in those accounts, which were later diverted. It was also alleged that the company had Before selling the flats, the lender had not obtained NOC from the banks and misrepresented financial data and information, due to which vital information was withheld from the bank.”
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