Directors of realty firm arrested in Faridabad
In the first instance of its kind, the officials of a private developer firm have been arrested following complaints from buyers.The directors of Pal Infrastructure and Developers Pvt. Ltd were arrested on charges of fraud in their Faridabad project.
As per the complaints, the builders started the construction work in 2006 without obtaining a license clearance and collected cheques from the buyers. However, the project did not get completed within its assured time and the cheques which the developer had issued as refund cash to the buyers bounced due to inadequate funds.
Following the complaint filed by a buyer from Delhi, the crime branch arrested the directors.
To read more real estate news:
Builder and Real Estate agents under Police Custody in Pune
Source: Times of India
arrest, complaint filed by a buyer, Delhi, Faridabad, Pal Infrastructure and Developers Pvt. Ltd, Realty News, Realty sector
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