Delhi Court Denies Bail To Real Estate Company Heads In Multi-Crore Cheating Case

The court said that the confidence of the public in the institution of justice would be shaken if such offences are viewed lightly.

A Delhi court has denied bail to two directors of a city-based real estate company accused of allegedly cheating a large number of investors of crores of rupees by not delivering possession of flats and properties in Delhi-NCR. Additional Sessions Judge Kamini Lau refused relief to Sushant Mutreja and Nishant Mutreja and said the confidence of the public in the institution of justice would be shaken if such offences are viewed lightly. "Entire community is aggrieved if the economic offenders who ruin the economy of the state are not brought to book," the judge said, adding that such offences need to be viewed seriously at a time India is facing an economic crisis on account of numerous scams. The court in its August 2 order noted that the duo allegedly cheated 893 victims of over Rs 126 crore throughout the country by not handing over the possession of the units to them or paying the assured returns as per the contractual relationship.