Gurugram: Real estate firm booked for 200 crore fraud

Sanjay Yadav

Gurugram, January 3

Following the order of a local court, the Gurugram police finally lodged two FIRs against an MGF builder, its directors and associates for alleged fraud of about Rs 200 crores. The FIRs have been registered at the city police station in which the SHO was also summoned for the non-registration of the FIR on time and was being reprimanded by the court.

Complaints were filed by the builder, M3M India Private Limited, and its group company Starcity Realtech Private Limited that EMMAR-MGF approached them with the offer of selling their land parcel of 31 acres situated in Choma village and 7.737 acres at Kherki Daula village and they had agreed to develop the said land.

The complainants alleged that while they had paid Rs 88 crore in 2016 as a security deposit, the accused persons delayed the commencement of work.

“In December 2021, they found that the accused had sold the land to another party through forgery and nexus with a former employee. They had allegedly executed a cancellation deed on their behalf, while no such cancellation deed was ever communicated, informed, or consented to by the complainant”, read the complaints. Later the complainant had filed a petition in the court against the MGF for cheating. Hearing the matter earlier, the court had directed the city police station to lodge an FIR against the accused by December 30. When the police did not register an FIR, the court summoned the SHO of the city police station and finally the FIRs were registered today.

“MGF has done fraud with us. We filed a petition in the court and finally the FIRs have been registered”, said Ekta Yadav, legal head, M3M.

Meanwhile, EMMAR-MGF spokesperson said “Matters are sub judice. The MGF is a law abiding entity and firmly believes in the Indian legal system and shall wait for the respective hearings in courts.”