Directorate of Enforcement (ED) wing in Gurgaon claimed to have seized moveable and immovable assets following searches at 14 locations in the case of Rs 500 crore fraud perpetrated on homebuyers by a Gurugram-based builder.
The agency carried out search and seizure at various places linked to Orris Infrastructure and its directors Vijay Gupta, Amit Gupta and others, as well as Three C Shelters and its promoters Nirmal Singh Upptal, Vidhur Bhardwaj and others. The searches yielded incriminating documents related to diversion, layering of funds, property and other asset details of the entities as well as laptops and hard drives. Documents were also recovered from lockers in the office of Orris Infrastructure.
Fixed deposits (FDs) and bank guarantees (BGs) amounting to Rs 31.22 crore in the name of Orris group were frozen and seized. Bank accounts and lockers belonging to promoters were frozen and four cars including a Mercedes, Porsche and BMW were seized from the residence of one of the directors/promoters of Orris Group.
ED’s Gurugram action follows its investigation after registration of two FIRs in the case by the economic offences wing (EOW) of Delhi Police in 2017. The prosecuting agency had recently filed the chargesheet against the two companies and their promoters about cheating, criminal breach of trust and fraud.
Orris Infrastructure and Three C Shelters entered a collaboration agreement to develop a residential group housing society named Greenpolis at Sector 89, Gurugram, Haryana, over about 47 acres owned by Orris Group, whereas the development rights for the residential society were granted to Three C Shelters.
It is alleged that two entities hatched a criminal conspiracy and siphoned off the hard earned money of the homebuyers by not completing the project within the stipulated time and did not handover the residential units to homebuyers and investors.
