Six people, including the chairman and four directors of C&C Towers Ltd have been booked for allegedly cheating buyers of commercial shops and offices at Mohali Junction, the bus terminal-cum-commercial complex in Phase 6, Mohali.
Those booked include Gurjeet Singh Johar, chairman of the firm, the project’s developer; Charanbir Singh Sethi, managing director, three directors – Amrit Pal Singh Chadha, Sanjay Gupta, and Rajbir Singh; and chief general manager, commercial, Col CVS Sehgal (retd).
Johar is the founder member and chairman of C&C Constructions Limited. The company’s activity areas include turnkey responsibility for roads, highways and urban infrastructure (water, sanitation and sewerage, power/telecom transmission, towers and commercial buildings) in India and abroad.
The dream project of the previous Badal government, Mohali Junction was launched in 2009, with a deadline of December 2011.
It was touted to be the first Busopolis project — a bus terminal with a commercial centre and hotel — in the region. However, nine years later, only the ISBT has become operational, leaving investors in the retail shops and office spaces disgruntled.
In their complaint to the police, some of the investors, Ranjit Singh, Col PJS Punia (retd), Rajinder Singh, Gurdev Singh, Harpreet Singh and Gurmeet Singh, alleged that they had been cheated of their money deposited with the company.
{{/usCountry}}In their complaint to the police, some of the investors, Ranjit Singh, Col PJS Punia (retd), Rajinder Singh, Gurdev Singh, Harpreet Singh and Gurmeet Singh, alleged that they had been cheated of their money deposited with the company.
{{/usCountry}}The complainants had booked shops and offices in B and C towers of the project, and claimed to have paid 35% to 90% of the total cost of the retail space. As the developer failed to deliver the possession even after years, the complainants had sought refund of the money deposited with 18% interest. But, despite repeated assurances from the company, they had not received anything.
On his part, Johar said, “Delay in completion is not entirely of our making, but we are ready to settle with clients who don’t want to continue with the project.”
Mohali SSP Kuldeep Singh Chahal said, “We had received a complaint and a case has been registered after seeking legal opinion.”
Facing charges under Sections 406 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property) and 120B (criminal conspiracy), the accused, if found guilty, face imprisonment up to seven years.