Senior executives of MGF Developments Ltd, a Delhi-based developer, were booked on Monday for allegedly fraudulently siphoning off valuable land parcels of Emaar India, its erstwhile partner, the police said.

The complainant, Emaar India, alleged that the managing director (MD) of MGF and erstwhile head of their joint venture, effected sale and transfer of land in Sector 61 to an associate company using dishonest means in violation of rules. A case was registered on the complaint of Emaar India against the MD and seven others under sections 409, 420, 467, 468, 471 and 120B of the Indian Penal Code (IPC) at DLF Phase-1 police. station.

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Senior executives of MGF Developments Ltd, a Delhi-based developer, were booked on Monday for allegedly fraudulently siphoning off valuable land parcels of Emaar India, its erstwhile partner, the police said.

The complainant, Emaar India, alleged that the managing director (MD) of MGF and erstwhile head of their joint venture, effected sale and transfer of land in Sector 61 to an associate company using dishonest means in violation of rules. A case was registered on the complaint of Emaar India against the MD and seven others under sections 409, 420, 467, 468, 471 and 120B of the Indian Penal Code (IPC) at DLF Phase-1 police. station.

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The complainant, Emaar India, alleged that the managing director (MD) of MGF and erstwhile head of their joint venture, effected sale and transfer of land in Sector 61 to an associate company using dishonest means in violation of rules. A case was registered on the complaint of Emaar India against the MD and seven others under sections 409, 420, 467, 468, 471 and 120B of the Indian Penal Code (IPC) at DLF Phase-1 police. station.

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Your email address will not be published. Required fields are marked *

The complainant, Emaar India, alleged that the managing director (MD) of MGF and erstwhile head of their joint venture, effected sale and transfer of land in Sector 61 to an associate company using dishonest means in violation of rules. A case was registered on the complaint of Emaar India against the MD and seven others under sections 409, 420, 467, 468, 471 and 120B of the Indian Penal Code (IPC) at DLF Phase-1 police. station.

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Your email address will not be published. Required fields are marked *