The CEO of a real estate firm has been arrested here for allegedly defrauding multiple lawyers of Rs 6 crore under the guise of investing their funds in a project that he asserted would yield substantial returns, according to police reports on Sunday.
The individual in question, Puneet Beriwala (62), who serves as the CEO of Vipul Limited and resides in Sector 42 of Gurugram, was taken into custody on Friday. A court subsequently remanded him to two days of police custody on Saturday, as stated by the police. In a complaint lodged on October 1 of the previous year, several lawyers claimed that they had invested Rs 6 crore in Vipul Limited in 2024 for a project after Beriwala assured them of favorable returns.
However, following the receipt of the funds, Beriwala ceased all communication. Despite numerous requests, he failed to return the money, as detailed in the complaint. In August of the previous year, the complainants organized a protest outside V Club here, chanting slogans and demanding stringent action against Beriwala.
In response to the complaint, a First Information Report (FIR) was filed at the Shivaji Nagar police station against Beriwala and his associates, Sunil Bhandari and Praveen Gupta. The investigation into the matter was assigned to the Economic Offences Wing (EOW-2), according to police sources.
Following Beriwala’s arrest on Friday, he informed the police that he had allocated the funds obtained from the lawyers to other projects, as reported by authorities. “We are interrogating the accused after placing him in police custody and are conducting searches to apprehend his associates,” stated a spokesperson for the Gurugram Police.
