Parsvnath Developers CEO arrested from Delhi Airport after 60-km long chase

The Parsvnath CEO is accused of not providing a residential flat to a homebuyer in Gurugram within the stipulated time.
 The Chief Executive Officer of Parsvnath Developers Sanjeev Kumar Jain
The Chief Executive Officer of Parsvnath Developers Sanjeev Kumar Jain Photo | Linkedin
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NEW DELHI: A Delhi Police team went on a 60km chase to nab Sanjeev Kumar Jain, CEO of Parsvnath Developers, from the IGI Airport. The suspect allegedly denied a residential flat to a homebuyer in Gurugram on time. Jain was trying to leave the city, a senior police officer said on Sunday.

The CEO has four non-bailable warrants and one bailable warrant issued against him. These were pending at the Shahdara police station. He was arrested on August 3 and produced before the National Consumer Disputes Redressal Commission on Sunday.

Deputy Commissioner of Police (Shahdara) Surendra Chaudhary said a non-bailable warrant had been issued against Jain by the Joint Registrar, National Consumer Disputes Redressal Commission, Delhi. “The non-bailable warrant was issued against him on July 18, but he did not appear before the commission,” said the DCP.

The warrants against Jain, the CEO of Parsvnath Landmark Developers, were issued in a case filed by Rajat Babbar, the DCP said.

The officer told this newspaper that the case was given to the Special Task Force of Shahdara district, which launched a manhunt. “He was constantly changing location. Through one of his acquaintances, we found a phone number that Jain was using. We put it under surveillance,” the DCP said. On August 3, the cops found the mobile phone was located around the Delhi airport area. A police team was rushed to the airport where Jain was nabbed.

Initially, the police had information that Jain was in Gurugram. When a police team reached his residence, the accused had left for Delhi.

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