IREO Group chief Lalit Goyal involved in diverting funds of Rs 1,225 crore: ED chargesheet
India Today
Real estate tycoon and IREO Group’s chief Lalit Goyal was involved in diverting funds to the tune of Rs 1,225 crore and cheating over 1,050 investors, the ED has alleged in its chargesheet.
Real estate tycoon and IREO Group’s chief Lalit Goyal was involved in diverting funds to the tune of Rs 1,225 crore and cheating over 1,050 investors, the ED has alleged in its chargesheet.
The Enforcement Directorate (ED) has filed a chargesheet (prosecution complaint) before a designated court in Haryana’s Panchkula, against vice-chairman-cum-managing director (CMD) of IREO Group of companies Lalit Goyal, and others in a multi-crore real estate scam case, officials said.
The court on Friday also took cognisance of the chargesheet on Friday.
The ED’s money-laundering investigation is based on FIRs lodged at police stations in Haryana’s Gurugram, Panchkula, Ludhiana and in Delhi.
Over 30 such FIRs of cheating, fraud and criminal conspiracy by a real estate tycoon have been by the police.
The ED has alleged that over 1,050 homebuyers and investors of IREO Projects -- IREO Fiveriver, The Corridors, IREO City, Gurgaon Hills in Haryana, IREO Waterfront Township in Punjab, others - had made advance payments but are yet to receive their booked flats, plots despite elapse of more than 4-5 years.
“Investigation further revealed that IREO Group of companies could not complete its projects due to diversion and siphoning of funds. Customer receipts to the tune of Rs 1,225 crore have been diverted outside India in the form of redemption, purchase, transfer and buy-back of shares, violating the FDI (foreign direct investment) policy and other laws,” said the ED.
