This story is from October 17, 2012

Faridabad Economic Offences Wing notice to Gurgaon builder

A Gurgaon-based builder has been issued a notice to appear before the Economic Offences Wing (EOW) of Faridabad police on Wednesday in connection with alleged cheating of over 30 investors.
Faridabad Economic Offences Wing notice to Gurgaon builder
GURGAON: A Gurgaon-based builder has been issued a notice to appear before the Economic Offences Wing (EOW) of Faridabad police on Wednesday in connection with alleged cheating of over 30 investors.
The notices have been issued to the builder and the investor to reach the EOW office. A senior police officer said, "The representatives of the builder, Pal Builders, have been called to join the preliminary investigation.
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The investors have also been called to bring their original documents on the plots sold to them in different projects." The investors had booked in housing projects from 2006 onwards and these projects never kicked off.
A senior executive of the builder told TOI that he was not aware of any such notice from the EOW.
Speaking to TOI, an investor, Sahil Gupta, whose father had booked a plot in Neemrana, said: "The project was never completed and the builder cheated all the investors." During the pre-launch, the investors had paid 20% to 60% of the price of the plot."
When the project did not make progress the investors realized that they had been cheated. "The investors have also filed a case in the Delhi EOW and all of us are waiting for action from the police," said Gupta.
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