Delhi court has dismissed the bail plea of one of the directors of Amrapali group, Ajay Kumar, in a multi-crore scam case involving alleged cheating of investors and homebuyers, saying the allegations fall within the category of economic offences that are committed in a “pre-planned” manner.
Additional sessions judge Surabhi Sharma Vats said the chances of the accused threatening the victim could not be ruled out as huge money was involved in the case.
“The offences alleged are white-collar crimes and fall within the category of economic offences that are committed in a pre-planned manner with cool calculations and designs to derive wrongful personal gains regardless of its consequences on the society at large. Economic offences stand at a grave footing than the other offences. The nature and gravity of the offences alleged are quite serious. The present matter involves huge amount of money affecting the public at large,” the court said.
Advocate Gaurav Dalal, appearing for complainant Anubhav Jain, had claimed that the investigation has revealed that the agreement/transaction between the parties was for sale/purchase of 26 flats and Rs 6.6 crore was paid to the accused persons in the case, but later it came to light that the flats were in a non-existent project. An FIR was registered by the Economic Offences Wing of Delhi Police on Jain’s complaint against M/s Amrapali Silicon City Pvt Ltd and its directors or officials, including Kumar.
It has been alleged in the FIR that in November 2011, the directors had approached Jain and represented that they would hand over the vacant physical possessions of 26 fully furnished flats in Tower G-1 in the project “Amrapali Silicon City”, proposed to be developed at Sector- 76, Noida, by September 2013. The complainant invested in the project by making full payment of Rs 6.6 crore in November 2011 and an MoU was also signed as per which possession of the flats was to be delivered by September 2013.
Police claimed that Tower G-1 was not sanctioned by the Noida Authority, but still the accused persons sold/allotted the flats.
Kumar claimed he was falsely implicated in the case.
