More trouble for arrested developer: 20 investors approach police

Pujit Aggarwal was arrested based on a complaint filed by Ashok Aggarwal, senior vice-president of Capri Global Capital Limited, for failure to hand over property. “Twenty investors came with similar complaints. We have noted their grievance and will look into it,” said Vijay Kadam, senior inspector with Azad Maidan police station.

Twenty more people approached the police on Monday with complaints against Pujit Aggarwal, managing director and chief executive officer of developer firm Orbit Corporation, who was arrested on Friday, claiming they haven’t received possession of their property.

Pujit Aggarwal, managing director and chief executive officer of developer firm Orbit Corporation, was arrested on Friday. (Anshuman Poyrekar/HT Photo)

Aggarwal was arrested based on a complaint filed by Ashok Aggarwal, senior vice-president of Capri Global Capital Limited, for failure to hand over property. “Twenty investors came with similar complaints. We have noted their grievance and will look into it,” said Vijay Kadam, senior inspector with Azad Maidan police station.

Meanwhile, Aggarwal was produced before the holiday magistrate court. Aggrawal’s lawyer Jayesh Kanani requested for a shorter police custody on health grounds.

The special holiday court remanded Aggarwal in police custody till September 16.

Kanani told the court Aggarwal suffered from slip disc and he be allowed to use his pillow and take his medicines. The court allowed him to take the pillow, but rejected its plea for medicines, holding he would be given medication under the supervision of a medical officer.

In his complaint, Ashok said he bought three flats in Orbit Residency Park in Saki Naka for Rs2.53 crore.

However, when Ashok and his family visited the spot in April, they found the site was sealed by bank officials, who had mortgaged the flats without informing them.

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