NEW DELHI: A Delhi court has ordered that real estate tycoon Gopal Ansal should stand trial for allegedly cheating and defrauding a private company and its promoters in the name of investment in a building at Connaught Place here in 1991.
Metropolitan Magistrate Yashdeep Chahal ordered framing of charges against Ansal for the alleged offence, including cheating, forgery and criminal conspiracy. The court, however, discharged Sushil Ansal, who was a director of the accused company, Ansal Properties which was developing the Statesman House here, saying the materials on record were ‘grossly insufficient.’
“Apart from a bare statement that the fraud was not possible without the involvement of all the directors, there is nothing on record to implicate him,” the judge noted in an order passed on April 4.The court adjourned the matter for June 1 for formally framing of the charges against the accused.
According to the complaint, the complainant, Sachdeva & Sons Industries Pvt. Ltd. had in 1991 invested in Statesman House, which was being developed by Ansal Properties at Connaught Place, New Delhi through one Krishan Bakshi, now deceased, who was working at the complainant company and was known to co-accused Gopal Ansal.However, later the complainants learned that the receipts were issued only in the name of Bakshi and that too towards the payment of a single flat in the project.
The accused conspired to deceive the complainant in order to extract money from them and diverted that amount for booking a flat solely in the name of Bakshi, the complaint alleged. During investigation, it appeared that Bakshi booked a flat at Statesman House in January 1992 with Ansal Properties, the court noted.
The investigation also reveals that the entire amount received from the complainant for booking a property in Statesman House was found to be diverted in favour of the individual booking of Bakshi for a flat, it noted.