Cops launch hunt for Gupta family in DLF case

HYDERABAD: The GS Gupta family and the other accused, who are charged with cheating DLF Universal Ltd, are still evading police. The police have launched a massive manhunt to nab them. Police

Published: 02nd March 2012 02:26 AM  |   Last Updated: 16th May 2012 06:27 PM   |  A+A-

HYDERABAD: The GS Gupta family and the other accused, who are charged with cheating DLF Universal Ltd, are still evading police. The police have launched a massive manhunt to nab them. Police believe that the accused have not fled the country and teams are searching for them at various places in the country including Delhi. Investigators also found that the mobile phones of the accused were switched off and they cannot be contacted.

Even as the police are after them, the accused in the case claimed before court that the allegations in the complaint are false and it is a clear attempt to blackmail and pressurise them to succumb to the respondent’s (DLF) ‘untenable demands arising out of contractual obligations between de facto complainant and petitioners company in order to make them succumb to their unlawful demands.’

In the anticipatory bail petitions filed by the accused in two cases, the petitioners said that the allegations in the FIR are ‘so absurd’ and inherently improbable that, on the basis of the same, no person can ever reach a just conclusion that there is sufficient ground for proceeding against them in any criminal case.  “The FIR conceals the fact that the basis of understanding for all the agreements entered between the parties is spelt out in terms of understanding entered into between Rajeev Singh of DLF Ltd and G S Gupta of G S Group of Companies,” the petition said adding that the parties entered various commercial enterprises after DLF conducted due diligence and commercial evaluation of each project prior to the execution of a detailed agreement for each project and several agreements and MoUs were exchanged between the parties.

“The complainant is not an ordinary person but is part of a well established real estate company and the various agreements entered into would indicate that complicated legal issues were involved and the agreements were entered after due deliberations,” the petitioners claimed.

The allegations of cheating are false and made to somehow blackmail and humiliate the petitioners and intimidate them. DLF has already filed civil proceedings to enforce their rights under the agreement which are pending. In the petition, the Guptas claimed that the complaint is a counter-blast to the claims made by Gowri Shankar Gupta and his group of companies on failure of the complainant and their group companies in fulfilling the various obligations under various MoUs and also after G S Gupta and his group of companies raised a claim of about `800 cr for three projects against complainant in October 2010 and an attempt to convert purely a civil matter into criminal case, just to blackmail G S Gupta and to harass his family.

Gupta, in the petition, said, after 2010, the two parties had differences and filed civil proceedings against each other which are pending. The anticipatory bail petition would be heared on Friday.

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