Forty more home-buyers have lodged complaints against Pujit Aggarwal, the managing director and CEO of realty firm Orbit Group Corporation Ltd, Azad Maidan police said Monday. The builder, currently in custody of the police, was arrested last week following a complaint by financial firm Capri Global Capital Limited, on charges of allegedly cheated a buyer of three flats in a residential project in Saki Naka, Andheri, under the Maharashtra Ownership of Flats Act.
On Monday, the buyers met the senior police inspector of Azad Maidan police station claiming that they had earlier approached the Saki Naka police against Aggarwal and wanted to merge their complaints with the current case. They also sought that the entire investigation of the case be transferred to the Economic Offences Wing of the Mumbai Police. The police has told the buyers – many of them NRIs – to send across their complaints via email.
Meanwhile, Aggarwal was produced before the holiday court Monday afternoon. Before the police sought an extended custody, Aggarwal’s lawyer told the court that he could be remanded in custody till September 16 and be produced before the regular metropolitan magistrate court then. After the prosecution gave its no objection, the holiday court remanded him in custody till September 16. The court perused the case investigation papers produced by the Azad Maidan Police Station.
In its remand application, the Azad Maidan police station stated that the they are investigating whether the amount paid by the investors was deposited in his personal account instead of depositing it in an escrow account since LIC Housing Finance had taken symbolic possession of the residential project. It also said the police is investigating into the money trail of around Rs 46 crore invested by buyers.
“I had booked a flat in 2009 and have paid Rs 45 lakh so far. To invest in the project, I sold a property I had earlier invested in since we were promised possession of the flats by the end of 2013. I have been living in a rented place now since the construction is still not completed,” said a buyer, Shivprasad PV.
“Many of us were not aware that the property had been taken possession of by LIC. We made regular payments to the builder including for registration of the flats but the possession date kept getting extended. Of the six wings in the project, none has been completed so far” said Reji Kumar, who had booked a flat in the project in 2011.