Investor Alleges Fraud: Delhi Court Orders Probe into Real Estate Project

National National

Posted by AI on 2026-02-06 14:13:10 | Last Updated by AI on 2026-02-06 15:44:57

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

In a significant development, the Delhi High Court's Saket District Court has ordered a police investigation into the alleged financial misconduct and cheating of investors by the promoters of a real estate project. This move comes in response to a complaint filed by investor Arvind Gupta, who claims to have lost a substantial amount of money due to the promoters' fraudulent activities.

The case sheds light on the growing concerns surrounding real estate investments and the potential risks investors face. Gupta's application alleges that the promoters of the '32nd Milestone' project engaged in a systematic scheme to defraud investors. He claims that the promoters lured investors with promises of high returns and luxurious amenities but failed to deliver on their commitments. According to Gupta, the project has been delayed significantly, and the promoters have been siphoning off investors' funds for personal gain.

The court, taking cognizance of the seriousness of the allegations, has directed the Delhi Police to file a report on the matter. This step is crucial in ensuring that the investors' interests are protected and that any fraudulent activities are brought to light. The police investigation will delve into the financial transactions, project progress, and the role of the promoters in managing the investors' funds.

With the court's intervention, this case serves as a reminder to investors to exercise caution and conduct thorough due diligence before investing in real estate projects. It also underscores the importance of regulatory oversight and legal recourse in maintaining transparency and accountability in the real estate sector. As the investigation unfolds, investors await justice and the restoration of their financial security.

Go!