A day after the homebuyers lodged a case of cheating, financial fraud and criminal conspiracy against realtor Jaypee Infratech, the Uttar Pradesh police said it will hand over the case to the economic offences wing (EOW) and crime branch. They said that these bodies are competent authorities to probe a case of this magnitude.
“Since a large-scale financial fraud has been alleged, EOW and crime branch will look into it. We cannot probe financial fraud cases when the allegations pertaining to financial wrongdoing is so high. We will hand over the probe to the agencies concerned soon,” Dinesh Yadav superintendent of police (city), Noida, said.
On Sunday, 224 homebuyers filed a complaint at the Noida Expressway police station in Sector 135 on the grounds that Jaypee Infratech has cheated them as it failed to fulfil promises it had made. The homebuyers protested for about three to four hours until the police accepted their complaint.
The police have started lodging FIRs against realtors in Noida and Greater Noida after the Bharatiya Janata Party (BJP) came to power in the state. The newly-elected UP chief minister, Yogi Adityanath, has directed officials to book those who are allegedly cheating the public, officials said.
Police accepted the complaints of 224 people and filed a case against officials of Jaypee Infratech, including Manoj Gaur and Sameer Gaur, who are looking after the realty segment, including the Wish Town project in Sector 128, along the Noida expressway.
Homebuyers met the Yadav on Monday in Sector 6 and demanded action against the officials of Jaypee Infratech.
Homebuyers said that they had invested their hard-earned money in buying their dream home and were promised delivery in 2011-12.
“Even after four to five years of delay, the developer has failed to give us a concrete plan with regard to delivery of flats. We have lost all hope and do not trust the builders because they have made false promises for the last few years,” Dinesh Kalra, a homebuyer, said.
Homebuyers demanded that the police arrest those who have failed to deliver flats on time and have made them suffer for years on a stretch.
“The question of arrest will come up once the probe is completed. EOW and crime branch officials will gather evidence and corroborate the allegations. We can talk about their arrest only if the allegations are corroborated. Gathering evidence from 224 homebuyers is not easy and it will take a long time,” Yadav said.
The developers said they will deliver the project soon and it has been delayed due to the slowdown in the market.