Man held for selling mortgaged properties in Lutyens’ Zone

NEW DELHI: Delhi Police’s economic offences wing has arrested a former director of a major pharmaceutical company for allegedly selling mortgaged property in the Lutyens’ Zone.

Additional CP (economic offences wing) Suvasish Chaudhary confirmed that one Bhai Manjeet Singh had been booked under sections section 406 (criminal breach of trust), 420 (cheating), 468 (forgery) ,471 (using as genuine a forged document) and 120 (criminal conspiracy) of the Indian Penal Code and arrested on Wednesday.

The arrest comes a year after Singh was booked. The case registered on June 24, 2016 was on a complaint by one Ashok Gupta.

Gupta had entered into a deal with the accused for house number 28A located at Prithivi Raj Road. In his complaint Gupta claimed that Singh allegedly had claimed the property’s worth to be Rs 254 crore. Gupta agreed to buy and gave Rs 4.3 crore as first installment to Singh. But later, Gupta found the property was already mortgaged.

“During the course of investigation, Singh was found to involved after which we arrested him today. He was produced before a court from where he was sent to judicial custody,” said Choudhary.

When Gupta asked for a refund of the token amount, Singh refused to return, after which the former approached the police. Singh was booked and served several notices but he did not join the probe.