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Marketing manager of Delhi-based Horizon Buildcon booked for transferring Rs 6 crore homebuyer cash in personal account

19 Aug 2016

NOIDA: A marketing manager of a development organization has been booked for transferring Rs 6crore gathered from numerous home buyers into his own account through forged documents. It isbelieved that he tricked more than 100 buyers and is on the run from that point onward.A case was registered on Wednesday against the accused Suninder Sandha based on the complaint byAmbika Sharma, director of Delhi-based Horizon Buildcon Pvt Ltd. Sharma said the organization was building up a project in Sector 86 where about 780 flats were beingdeveloped inside the society. The organization had launched the project and employed a few marketingexecutives and directors including Sandha in 2012. The organization additionally opened an office inSector 2 in Noida where buyers could book flats. Sharma said Sandha was dealing with the financialdealings with customers and home buyers. On July 2, a retired Air Force officer visited the organization office in Noida. He said he needed to drophis booking and requested that the firm give back his cash. The organization authorities checked therecords and observed that Rs 12.81 lakh was paid by the officer. But, the officer informed them that hehad really paid Rs 16.41 lakh to the organization. After investigations, the organization found that Sandha had opened another account of theorganization and were making numerous transactions over the last four years. Sharma said Sandha hadmanaged to open a bank account without the company's knowledge and booked for transferring Rs 6 crorehomebuyer cash in personal account. Amarnath Yadav, SHO, Sector 20 police headquarters, stated primary investigation confirmed that theaccused had floated his own real estate firm and invested the money. " We are investigating the case. Hisarrest will help us connect the dots on how many people have been cheated in the fraud," he said. By Sanjay Bansal | Founder & CEO | Affordable Homes India

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