s.
30 crore on promise of providing them residential properties, police said today.
Manoj Bhardwaj, a resident of Khanpur area, was arrested by the Economic Offences Wing (EOW) of Delhi Police on April 3.
The accused had floated a company without prior registration and land sanction of site plan.
"Manoj had formed M/s Arun Dev Builders Ltd in 1997. His company in 2006 had proposed a township project 'Arun Dev City - Haridwar' without having prior registration, land, approval/sanction of site plan etc.
"Manoj induced gullible investors by showing rosy pictures through luring brochures and advertisement and collected a huge amount of Rs. 36 crore, taking bookings from around 1,500 investors," DCP (EOW) Sanjay Tyagi said.
with thanks : NDTV : LINK : for detailed news.
