Delhi Police’s Economic Offences Wing (EOW) has arrested a former director of pharmaceutical company Ranbaxy for allegedly selling a property that was mortgaged. The accused, identified as Bhai Manjeet Singh, was arrested from his residence on Wednesday, said EOW officials. Confirming the arrest, Additional Commissioner of Police (EOW), Suvashis Choudhary, told The Indian Express that a case of cheating was lodged against him on June 24, 2016.
“During investigation, Singh was found to be involved in the alleged cheating case, following which we arrested him on Wednesday. He was produced before a city court, which has sent him to Tihar Jail,” said Choudhary. A police officer familiar with the details of the case said Singh told a businessman, Ashok Gupta, that House No. 28A, at Prithviraj Road in Lutyens’ Delhi, was worth Rs 254 crore.
Gupta agreed to buy it and gave Singh Rs 4.3 crore as a first installment. However, Gupta later found out that the property was already mortgaged. Singh was then booked under IPC sections 406 (criminal breach of trust), 420 (cheating), 468 (forgery) ,471 (using as genuine a forged document) and 120 (criminal conspiracy).
“A property that has already been mortgaged cannot be sold. When Gupta asked him to refund the money, Singh refused to do so. Gupta then approached police,” said a source. Sources further claimed that Singh was served several notices but he did not join the probe. Sources said Singh and his family also live in the same house.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines