Daily Archives: August 8, 2018

Business, India

Delhi EOW registers FIR against MVL Limited

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Newsroom24x7 Network

 

New Delhi: The Delhi Economic Offences Wing (EOW) has registered an FIR against MVL Limited under Sections 406/420/120B of Indian Penal Code on the allegation of cheating, dishonestly inducing delivery of property and criminal breach of trust after conducting preliminary enquiry on a specific complaint lodged by a buyer (couple) of an apartment in the INDIHOMES project at Bhiwadi in Rajasthan.

 

The complainant couple, have alleged that at the time of booking they were told that the company (MVL Limited) will deliver the flat within 3 years from the date of signing of the agreement and according to the payment plan they have paid total amount to the accused company till 2013 but the accused had not handed over physical possession of their flat till now.

 

Instead of giving possession, the accused company sent them the offer letter for possession (24.07.2017) even when the project was incomplete and not in a habitable condition.

The Booking of property (committed Unit No B-1002 and size of area booked was 834 sq feet) in INDIHOMES at Bhiwadi was made by the complainant on 12 December 2009 and the MoU for this was signed on 16 January 2010. As per the payment terms, it was a construction linked plan for a total payment of Rs. 10,36,015.

 

The complaint lodged with the Delhi EOW underscores that MVL Limited, through their advertisement, pamphlet, agent and other means had advertised their project in Gurgaon/Bhiwadi for booking of Residential Flats starting from BSP Rs. 9 99,0001- all-inclusive (free parking, free power backup, maintenance charges for 12 months, Maintenance sinking funds and Meter charges for general public in their upcoming project “INDIHOMES” Bhiwadi Rajasthan) and the company had also stated that possession would be offered within 24 months.

 

It has been pointed out by the complainant a total amount of Rs. 10,36,015 has been paid by them to the accused company and the booking form and agreement also has been signed and the accused company allotted them Flat no. D- 1902 measuring 834 sq. ft.

 

Further, it is alleged by the complainant that the accused company did not have approval for G+20 floor but took booking from buyers for G+20 floor and after some time on 1 November 2011, the company reduced floor to G+11 from G+20 and changed floor number and flat number of all the allottees and issued them (complainant)revised flat number B-1002 on the 10th floor without taking their consent.

 

The complainant have said that according to the sale agreement, physical possession of the unit was to be delivered within three years from the date of execution of the agreement but the accused company did not honor the clause of agreement and did not complete the project even after expiry of deadline and they offered possession after 7 years without completing the project.

 

In their complaint, the complainant have informed the EOW that they had sent many letters and emails to MVL Limited asking either to provide physical possession of their allotted flat in habitable condition or refund the paid amount along with interest but the company chose not to reply to any letter.

 

The EOW has registered the FIR in this case after conducting an enquiry and receiving similar complaints with similar allegations  from 39 others.

India

DRI busts Foreign Currency Smuggling Racket involving Foreign Nationals

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Newsroom24x7 Network

The latest seizure of foreign currency by DRI officers in Delhi is just the tip of the iceberg. A few carriers have been nabbed and they have pointed to the mastermind sitting in Hong Kong. With the inputs now available with the DRI, it will be possible to crush the whole racket. Obviously, this would not be the lone smuggling syndicate operating in India. To draw a bigger picture of the menace,  it would call for a deep investigation into the penetration of such syndicates across the country. The fact that gold bars are being smuggled in and any amount of foreign exchange is going out illegally is a serious matter. This is not just a case of parallel economy. The crime syndicates are deeply entrenched. The players are everywhere. This should ring alarm bells as the malaise also threatens national security. The enforcement agencies will have to go into the overdrive mode to bust the demand and supply chain. – Lalit Shastri¹, Editor-in-Chief, Newsroom24x7

New Delhi: Acting upon a specific input, the officers of Delhi Zonal Unit of the Directorate of Revenue Intelligence (DRI), has intercepted seven foreign nationals at the Departure Hall of T-3, IGI Airport, New Delhi and seized a huge amount of foreign currency from them.

The recovery of foreign currency was made from the Checked-in Baggage of these foreign nationals, who were going to board a Flight to Hong Kong on the intervening night of 5 and 6 August, 2018. The Indian accomplice of this Smuggling Syndicate was also tracked down and intercepted.

The seized foreign currency was found in the luggage tightly wrapped in towels in a manner to escape detection by the agencies at the Airport. All the currencies were in the denomination of USD 100. A total of around USD 8,90,000 was sized having market value approx. INR 60.14 million.

The Investigation so far has revealed that this syndicate involves both foreign and Indian nationals stationed in Hong Kong and India. The mastermind of the syndicate who is based in Hong Kong, was involved in arranging carriers. He sent them to India with gold bars through concealment. In India, a person used to collect the gold and give foreign currency in return which used to be smuggled-out of India and over to Hong Kong. It was further revealed during investigation that the syndicate never repeats the same carriers to avoid attention of the Customs in India. In past also, DRI, has nabbed several foreign nationals involved in the smuggling of various contraband items like gold, foreign currency and Arms.

All the eight persons have been placed under arrest. Further investigation in this case is under progress.

Lalit Shastri

¹ Lalit Shastri

Corruption, India

Bribery and smuggling of goods: CBI arrests Assistant Commissioner of Customs, 18 others

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Newsroom24x7 Network

New Delhi: The Central Bureau of Investigation has arrested 19 accused (6 Customs officials & 13 others) including an Assistant Commissioner, Superintendents, Inspectors, private persons(including Sri Lankan Nationals) in a case related to alleged bribery and smuggling of goods.

Searches were conducted at various places including residences of public servants and others at Trichy, Coimbatore, Madurai, Virudhnagar, Chennai and Rasipuram leading to recovery of huge cash and incriminating documents.

During the search operation at Trichy Airport, CBI recovered approximately Rs. 900,000 in cash collected as alleged illegal gratification.

CBI has registered a case against 6 Customs Officials including one Assistant Commissioner, two Superintendent of Customs, two Inspectors of Customs & an official posted at Trichy International Airport and 13 private persons including Sri Lankan Nationals. It was alleged that a large scale smuggling of contraband goods through the Trichy airport was going on with active connivance of the Customs officials who were obtaining undue advantage from the smugglers in the form of illegal gratification for allowing entry of goods from countries like Sri Lanka, Singapore, and Malaysia without payment of customs duty, thereby causing huge revenue loss to the Government of India.

It was further alleged that the private persons carrying goods (gold, liquor, cigarettes etc.) had arrived in the evening of 5 August 2018 by Sri Lankan Airlines and they were allowed by said custom officials to pass through the customs without payment of duty. It was also alleged that these passengers were regular carriers and in nexus with the custom officials had been smuggling goods at regular interval.