Ghaziabad Police have booked officials of the State Bank of India in connection with the Rs 100-crore fraud pulled off by a Ghaziabad developer and his 10 family members. So far, two FIRs have been registered in the case — one against the developer and his family members for allegedly selling the same flats in their Raj Nagar Extension-based housing project to multiple buyers and another against unnamed SBI officials for allegedly sanctioning home loans to those who had invested there.
Rajkumar, the developer, and his four family members who had been living in Delhi under assumed names, were arrested by the Ghaziabad police on March 1. The housing project — initially publicized in the name of Red Apple Residency — was launched in 2012, but it has still not seen the light of the day. The two FIRs were registered on complaints from a number of victims. Chandra Prakash Goel, one of the complainants, said that he had booked a flat in the project in 2012 by paying around Rs 3 lakh, 10% of the price. “We were promised delivery by 2015. And a year later, the builder asked me to pay the remaining money so that he could start the construction work at the earliest.”
“Without wasting any time, I soon applied for a loan of Rs 21.40 lakh from SBI through the developer’s staff. My loan amount was sanctioned in no time and was transferred to the builder’s account by the bank. I was intimated later. I paid EMI for the loan for three years before moving the UP-Rera,” he told the cops. Many more such cases surfaced later. Also, there were instances of selling the same flat to multiple buyers.
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