Court issues bailable warrant against real estate baron's son

A Delhi court has issued bailable warrant against the son of real estate baron Sushil Ansal for allegedly cheating a former director of his company to the tune of Rs 40 crore.
The warrant was issued by Metropolitan Magistrate Harun Pratap last week against Pranav Ansal, the managing director of Prime Maxi Mall Management Pvt Ltd, seeking his presence before him on April 24 after summons to him returned unexecuted.
The court said the summons came back unexecuted with a report that the accused was out of station and that his employee did not receive the summons.
"In the facts and circumstances as revealed on record, bailable warrants in the sum of Rs 50,000 be issued against the accused on filing of PF (process fee) for further proceedings on April 24, 2018," the magistrate said.

A complaint lodged by businessman Suneal Mangal has alleged that he was offered the directorship by Pranav Ansal in his firm from 2002-2006 but later due to a fallout, he was forced to resign from the company and was allegedly threatened by the accused and his family with dire consequences.
It was alleged that the accused and his family members had entered into an agreement with him on May 4, 2005 agreeing to pay him nine per cent of the increased revenue and five per cent of the brand value of 'Ansal Plaza' every year.
However, Mangal alleged that the accused and his family members forced him to resign and cheated him of more than Rs 40 crores by taking the entire benefit of the brand value and business proceeds.

The complaint levelled allegations of criminal intimidation, furnishing false information and giving false evidence read with criminal conspiracy under the Indian Penal Code.