1. 2 absconding directors of Vigneshwara Group arrested for duping investors

2 absconding directors of Vigneshwara Group arrested for duping investors

Two absconding directors of a realty firm have been arrested for allegedly duping hundreds of investors of crores of rupees...

By: | New Delhi | Published: February 20, 2015 10:57 PM
Realty sector, Property, Construction

After a brief interrogation at the EOW office, the two were formally arrested, and will be produced at Saket court tomorrow.

Two absconding directors of a realty firm Vigneshwara Group have been arrested for allegedly duping hundreds of investors of crores of rupees, police said today.

Sanjay Kumar Dahiya (36) and Daryao Singh (79), the two absconding directors of the companies were arrested yesterday by the Economic Offences Wing of the Delhi Police from a guest house in Dwarka Sector 23A, based on inputs.

Three mobile phones and a car which the two were using, were seized, police said.

After a brief interrogation at the EOW office, the two were formally arrested, and will be produced at Saket court tomorrow.

EOW had already arrested Sunil Dahiya, the Managing Director of Vigneshwara Group of Companies, on October 10 last year. He is presently in judicial custody.

According to police, the Vigneshwara Group of Companies had launched two commercial projects at Sector 8, Manesar, Gurgaon and at Sector 74, Gurgaon. A large number of people had invested in the projects, but were cheated of their money.

So far, EOW has received complaints of approx 650 investors who have been allegedly cheated to the tune of Rs 260 crore by the directors of the accused company.

It has further been alleged in all these cases that the accused directors of Vigneshwara Developers (P) Ltd. namely Sunil Dahiya, Sanjay Dahiya and Daryao Singh induced them through advertisements as well as personal assurances.

The accused directors also induced various investors to enter into barter transaction whereby they were made to sell off their immovable properties to Vigneshwara Group of Companies and after making the payment against the sale consideration, got the same invested amount back.

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  1. K
    KSRao
    Feb 21, 2015 at 12:01 am
    Let a regulator be appointed for the industry as a w who will oversee and take remedial measures when due instead of waiting till the money is siphoned away and the investors are left in the lurch. We should avoid Madoff kind of situations with proactive meausres.
    Reply
    1. T
      t p
      Feb 21, 2015 at 8:55 am
      Such miscreants are worhth hanging in public, so that no other try to become "THE YADAV SINGH YADAV',favorite of mulayam as well as maya. Why mulayam as well as maya have not been jailed so far alongwith "THE YADAV SINGH YADAV'.
      Reply

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