After Omkar Realtors, ED gets after this realty firm in multi crore scam
New Delhi: ED has its hands full with realty firms across the country. The Lukcnow unit of ED has lodged a case Shine city infra project Pvt Ltd under the Prevention of Money Laundering Act, 2002.
The case has been registered for scamming several hundred crores f Rupees collected from home buyers. According to ED’s preliminary probe, the realty firm launched many projects in UP but the intention was to merely lure home buyers and taking money from them, the ED said in a statement.
When the home buyers did not get any possession of properties several years after having bought them, they confronted the officials of the realty firm. They were given assurance by the builders and some cheques were given to the buyers which bounced later. The home buyers then lodged FIRs against the company.
The FIR has been registered by ED against the company, its directors- Javed Iqbal, Rasheed Naseem and Asif Nafees. Around 226 FIRs have been lodged in Lucknow and Prayagraj.