Earth Infra director’s son arrested on charges of cheating, forgery

Over 30 homebuyers had filed FIRs in 2016 against Earth Incom Infrastructure Private Limited promoters at Noida’s Sector 20 police station and Greater Noida’s Bisrakh police station accusing them of cheating.

Noida crime branch arrested the son of a real estate company director early Tuesday from his residence in Delhi on charges of forming sham companies and siphoning off funds from homebuyers.

The suspect was identified as Aditya Goyal, son of Avdhesh Goyal, one of the directors of Earth Infrastructure. Avdhesh is already serving time in prison in connection with another case. Aditya is a director in as many as 10 frontal companies, police said. (Reuters/Picture for representation)

The suspect was identified as Aditya Goyal, son of Avdhesh Goyal, one of the directors of Earth Infrastructure. Avdhesh is already serving time in prison in connection with another case. Aditya is a director in as many as 10 frontal companies, police said.

Over 30 homebuyers had filed FIRs in 2016 against the Earth Incom Infrastructure Private Limited promoters at Noida’s Sector 20 police station and Greater Noida’s Bisrakh police station accusing them of cheating under Indian Penal Code sections 420, 406, 409, 467, 468 and 471, 504 and 506.

The crime branch of Gautam Budh Nagar started its investigation following which several holding management positions in Earth Infra — Avdhesh Goyal, Rajneesh Mittal, Atul Gupta and Vikas Gupta — were arrested and sent to jail.

“He was arrested from his home in Inderpuri, Delhi. Aditya had been a subject of our investigation for a while and when his role in the fraud became clear, we arrested him,” Ashok Kumar Singh, superintendent of police (crime), said. He was produced before a magistrate and sent to jail on Tuesday.

“Seven promoters of Earth including Amit Satija (currently serving time in Luksar jail) formed sham firms and siphoned off funds collected from homebuyers. The promoters have not even started the construction at the site. We welcome the arrest and hope justice will be done,” Harsh Thapar, a homebuyer from Meerut, one of the complainants, said.

On November 14, 2018, the crime branch had also arrested Mukul Garg, the director of Astha Fincap Private Limited, a sister company of the group.

“One of the suspects, Ratan Vijay, is still on the run and we are on the lookout for him. Garg and Vijay are both directors of at least 10 frontal companies each,” the SP said.The police further said the suspects transferred the siphoned off money to over 100 frontal companies being run by in the names of their wives and relatives. They have also been booked under Gangster Act on October 15, 2018.

“With this money, they accumulated properties in various cities. Aditya and his relatives also purchased a 1,800 square yard plot at a prime location in Goa. Some of the suspects are still on the run and efforts are on to nab them,” Singh said.