2 absconding directors of realty firm arrested
The directors belong to Vigneshwara Group of companies were arrested by the Economic Offences Wing of the Delhi Police
Feb 21, 2015
Source : Business Standard

 

New Delhi: Two absconding directors of a realty firm have been arrested for allegedly duping hundreds of investors of crores of rupees, police said today. 

Sanjay Kumar Dahiya (36) and Daryao Singh (79), the two absconding directors of Vigneshwara Group of companies were arrested yesterday by the Economic Offences Wing of the Police from a guest house in Dwarka Sector 23A, based on inputs. 

Three mobile phones and a car which the two were using, were seized, police said. 

After a brief interrogation at the EOW office, the two were formally arrested, and will be produced at Saket court tomorrow. 

EOW had already arrested Sunil Dahiya, the Managing Director of Vigneshwara Group of Companies, on October 10 last year. He is presently in judicial custody. 

According to police, the Vigneshwara Group of Companies had launched two commercial projects at Sector 8, Manesar, Gurgaon and at Sector 74, Gurgaon. A large number of people had invested in the projects, but were cheated of their money. 

So far, EOW has received complaints of approx 650 investors who have been allegedly cheated to the tune of Rs 260 crore by the directors of the accused company. 

It has further been alleged in all these cases that the accused directors of Vigneshwara Developers (P) Ltd. Namely Sunil Dahiya, Sanjay Dahiya and Daryao Singh induced them through advertisements as well as personal assurances. 

The accused directors also induced various investors to enter into barter transaction whereby they were made to sell off their immovable properties to Vigneshwara Group of Companies and after making the payment against the sale consideration, got the same invested amount back.

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