FIR filed against realty firms for 'diverting' Jaypee revival funds
NOIDA, Jan. 16 -- The Economic Offences Wing (EOW) of Delhi Police has registered a case against Suraksha Realty Ltd and Lakshdeep Investments and Finance Private Ltd based on a complaint filed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).
The FIR, filed on January 1 and accessed by HT, alleges cheating, criminal breach of trust, and criminal conspiracy in the implementation of the resolution plan for debt-ridden Jaypee Infratech Ltd (JIL).
Suraksha Group, associated with both the entities named in FIR, refused HT's requests for comment on the development.
Delhi Police officials, asking not to be identified, confirmed filing of the FIR, but refused to divulge details of the probe.
ED's complaint, s...
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