Court issues warrant against Sahara group chief

[RajaRC]

Court issues warrant against Sahara group chief
Press Trust Of India
Updated Jan 24, 2011 at 04:50pm IST


http://ibnlive.in.com/news/court-issues-bailable-warrant-against-subrata-roy/141393-7.html

New Delhi: A Delhi Court on Monday issued bailable warrant against
Subrata Roy, Chairman of Sahara India Group, in a case of alleged
cheating and forgery in a housing project launched by his company.

Chief Metropolitan Magistrate Vinod Yadav directed the Delhi Police to
execute the warrant against Roy and four other company officials by
February 9.

The warrant was issued on a complaint filed by Neeraj Pandey who
alleged that the company has not started the housing project despite
getting a payment of Rs 1 lakh in year 2003.

Court issues warrant against Sahara group chief

He has alleged that the company had launched the scheme Sahara Swarn
Yojna for developing 217 townships all over the country including the
NCR region. In the complaint filed on April 12, 2009 it was alleged
that despite the promise made in 2003, no progress was made for its
project in the NCR region and the company after six years offered to
return Rs 1.58 lakh.

The complaint was lodged for the registering an FIR for cheating and
forgery against Roy and others after police refused to lodge it.

"It is apparent that till date no allotment has been made to the
complainant. It is also apparent that even the site of the township
has not been disclosed to him giving rise to the presumption that
despite collecting money from the proposed allottee the township has
not been established," the court said.

Pandey, who filed the complaint through advocate Ashutosh Bhardwaj,
alleged that the company has collected Rs 1 lakh each from 25,000
people from NCR region but the project has not taken off till date.

The court after hearing the contention said there was enough prima
facie evidence to take action against Roy and other company officials.

"It is also apparent that all promises were held out to the general
public through brochures/booklets which prima facie amounts to forging
the documents. In my opinion there is prima facie enough material on
record to proceed against them for offences punishable under Sections
420(cheating), 468(forgery), 506(criminal intimidation) and
120B(conspiracy) of the IPC," the CMM said.

"There are further allegations that when the complainant approached
this court and invoked criminal proceedings against the Roy and others
they used all possible measures to thwart this litigations, firstly by
intimidating him and secondly by sending him the cheques of amount
without he having asked for the same and thereafter invoking the
arbitration clause, knowing fully well that the same was for civil
litigation and not for criminal litigations," he said.