Delhi court rejects bail of Amrapali Group’s MD in a multi-crore scam
NEW DELHI: A Delhi court has dismissed the bail plea of Amrapali Group’s managing director Anil Kumar Sharma in a multi-crore scam involving alleged cheating of investors and home buyers.
Additional sessions judge Reetesh Singh noted that Sharma allegedly induced the complainant to enter into an agreement to purchase 26 flats in a project that was non-existent/never sanctioned by the Noida Authority.
The court said that the case was not an isolated one against Sharma but a part of several cases of cheating and fraud which are pending against him under the direct supervision of the Supreme Court.
“The facts of the present case reveal an intention on the part of the applicant/accused since inception to cheat the complainant of his money,” it said in its order.
Advocate Gaurav Dalal, appearing for complainant Anubhav Jain, had claimed that the investigation has revealed that the agreement/transaction between the parties was for sale/purchase of 26 flats and Rs 6.6 crores was paid to the accused, but later it came to light that the flats were in a non-existent project.
An FIR was registered by the Economic Offences Wing of Delhi Police on the complaint of Jain against M/s Amrapali Silicon City Pvt Ltd and its directors or officials, including Sharma.
It has been alleged in the FIR that in November 2011, the directors had approached Jain and represented that they would hand over vacant physical possession of 26 fully furnished flats in Tower-G1 in the project “Amrapali Silicon City”, proposed to be developed at Sector-76, Noida, by September 2013.
On this inducement, the complainant invested in the project by making full payment of Rs 6.6 crore in November 2011, and an MoU was also signed as per which possession of the flats would be delivered by September 2013, the FIR claimed.
The police said the investigation revealed that Tower G-1 was not sanctioned by the Noida Authority, but still the accused persons sold/allotted the flats. The accused persons allegedly misrepresented the project to the complainants through advertising materials wherein attractive photographs were displayed to induce the investors.
Sharma had claimed before the court that he was falsely implicated in the case.
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