Vatika MD, directors booked for fraud

The managing director (MD) and two directors of real state developer Vatika Group have been booked for cheating and fraud of Rs.1 crore, police said on Friday.

Managing director Gautam Bhalla, and the group's directors Anil Bhalla and Gaurav Bhalla have been booked under Sections 406 (breach of trust) and 420 (cheating) of the Indian Penal Code at Sector 29 police station here.

The case has been registered on the complaint of Rajkamal Bhatia of Delhi's Malviya Nagar.

Anil Bhalla and his sons Gautam and Gaurav, residents of Sultanpur's Hyde Park near Mehrauli, are accused of cheating and fraud of Rs.1 crore.

According to a senior police officer, complainant Bhatia deposited payment for a villa in December 2009 but the company failed to deliver it.

"The accused company is not giving the villa booked in my name, and has also not refunded the money," Bhatia said in his complaint.

Sector 29 police station chief Ashok Kumar told IANS that a case has been registered after an inquiry conducted by the Economic Offences Wing of the police department.

"Our investigation is on," the officer said.

Despite repeated efforts, no one from Vatika reposnded to IANS calls.

--IANS

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