FIR LODGED BY EOW, MANDIR MARG DELHI FOR CHEATING, CRIMINAL CONSPIRACY ETC. AGAINST THE BUILDER M3M INDIA PRIVATE LIMITED, ITS MANAGING DIRECTOR BASANT BANSAL AND OTHER DIRECTORS ROOP BANSAL, PANKAJ BANSAL & OTHERS
The Economic Offences Wing, Mandir Marg, Delhi has lodged an FIR under Sections 406, 409, 418,420, 467 & 468 r/w Sections 34 & 120B IPC against a Builder M3M India Private Limited, its Managing Director Basant Bansal and other Directors Roop Bansal and Pankaj Bansal and its other officials alongwith its other 7 subsidiary companies and their Directors for misappropriating land of MGF Developments Ltd. admeasuring 31.0625 acres of value of approximately Rs. 450 crores situated in Village Chauma, Tehsil & District Gurugram by illegally getting the said land transferred in their name making false representations and inducement with a false promise that the substantive monitory consideration shall be paid later on but failed to make payment. The said land was transferred on the condition that the said land would vest in M3M Group companies only on honour of all the post-dated cheques tendered towards consideration amount otherwise the transfer would be rendered null and void ab-initio. The M3M Group companies failed to pay the consideration amount and on the other hand though not having physical possession of the said land, got the mutation in respect of the said land carried out in their name, got the portions of the land partitioned and even made application to the DTCP for grant of license to construct a residential project under ‘New Integrated Licensing Policy (NILP)’ on a part of the said land. MGF Developments Ltd. had lodged the complaint for registration of this FIR on 10.12.2021.