Three directors of a real estate firm were arrested for allegedly diverting Rs 191 crore invested by homes buyers into its other projects and not delivering houses, an official said Saturday.
They were arrested by the by the Delhi Police's Economic Offences Wing (EOW).
Hacienda Projects Pvt Ltd directors Surpreet Singh Suri, Vidur Bhardwaj and Nirmal Singh have been booked for cheating, criminal conspiracy and criminal breach of trust. They have been arrested, police said
There are 328 investors and the company had received the amount to a tune of Rs 636 crore, out of which, Rs 191 crore have been diverted by the company into its subsidiary companies, police said. PTI AMP
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