Categories: Gurgaon

Appu Director Ghar was ordered for fraud, FIRS filed a court order

Gurgaon: The police have submitted two cases against Appu Ghar, a controversial gurgaon amusement park project, and the director for cheating and fraud.
Nearly 1,500 people have invested more than Rs 1,300 Crore in the project, which was launched in 2012 with a three-year deadline.
However, investors, stated that developers had reduced stores and increased the costs for years while not paying them guaranteed returns.
They also accused the developer of making illegal agreements.
Firs, in fact, was submitted towards the local court, after two investors searched for a legal road to recover their money.
One of the complainants, Sanjiv Bhatia accused them of being captivated through advertisements by International Recreation & Amusement Limited (Iral), the parent company from the Appu Ghar brand, that it was allocated 42 hectares of land (25 hectares in sector 29 and 17 hectares in sector 52a) for the development of the park Entertainment by Huda (now HSVP).
“However, we found out from RTI’s response in February 2021 that the iral did not bid the soil at all.
Other companies included in the promoter, Amusement International Ltd (IAL), allocated land, while Iral was carrying out a rental agreement with investors,” Bhatia claims, residents of the central residents, who ordered two units of 500 sq ft commercial space for Rs 62.50 lakh per unit in 2014.
According to Bhatia, the project failed to take off until 2017 and another agreement was made where the size of each unit was reduced to 400 sq ft, location Changed and the price goes up to Rs 1 Crore.
“They have promised us rented a guaranteed with Rs 1 lakh per month but it never comes,” he thought.
Other complainants, Vishal, said, “Igal began a sub-leasing from commercial retail stores while there was no right to carry out the sub-lease.
All of these actions were executed were illegal because the iral was formed six months after land allotment was carried out for Ial.” According to the report Forensics by the Government Haryana, dated March 2018, the parent company and director suck around the RS 900 Crore they have collected from 1,500 investors.
In the direction of Judge Judge (CJM) Gurgaon, two cases were registered against Iral and 16 others, including the company’s directors and management, under Section 420 (cheating), 409 (Criminal Trust Criminal), 467 (forgery), 468 (FORRING DOCUMENT) ), 471 (using fake documents), 34 (general intentions) and 120B (criminal conspiracy) IPC at the Sector Police Office 29 on Friday.
Rakesh Babbar, Director of Iral, said, “There is no point in registering such cases because this problem was heard by NCLT.
We have not taken a bank loan for this project.”

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