Hyderabad: Even as it is preparing to grill Nowhera Shaik, the managing director of Heera Group, accused of running a Ponzi-like scam by attracting deposits to the tune of Rs 5,700 crore, the Enforcement Directorate is now reviewing two more cases.
One of these is with regard to Gharonda Builders and Developers, accused of cheating hundreds of home buyers and the other is the case relating to the alleged cheating and forgery, by advocate Sailesh Saxena who investigators say made attempts to grab 73 acres of land at Bhojagutta worth Rs 300 crore. It is likely that the ED officials will soon start proceedings in connection with the two cases, which were previously investigated by the Hyderabad police.
Sources told Deccan Chronicle that the Central Crime Station (CCS) had written to the ED to pursue these two cases and attach the properties of the accused last year. Following this, the ED is understood to have reviewed the cases and will be initiating proceedings to probe and attach properties under the Prevention of Money Laundering Act (PMLA).
In the case of Gharonda Builders, the CCS had arrested its promoter Sunil Jayan-thilal Sachdev, who is accused of cheating hundreds of home buyers. Police said as many as 21 cases were registered against the builder with the CCS, Chikkadpally and Sultan Bazaar police stations. Sachdev’s three family members have been named as accused.
In two instances, Sachdev allegedly cheated prospective buyers to the tune of `8 crore. Gharonda Builders, which was established in 1981 is accused of collecting money from more persons than the number of flats available in the apartments. “Cases have been registered against them since 2015 and it continued till 2018,” sources said.
Way back in 2010, Sachdev allegedly collected Rs 10 lakh to Rs 25 lakh from each of the 80 persons and failed to deliver flats in another venture at Padmaraonagar. In all, he collected `6 crore.
Thereafter, in another project, he allegedly collected another Rs 2 crore from 24 persons but sold flats to 13 persons. He was arrested in June 2018 after which Hyderabad police wrote to the ED to probe the matter.
In the case of advocate Sailesh Saxena, police said he was arrested by the CCS in a cheating, forgery and attempting to grab 73 acre of land at Bhojagutta worth Rs 300 crore by producing fake documents in the court. He was later given bail.
The ED had recently attached property wor-th Rs 82.11 crore from Mussadilal Jewellers and is now focussed on the Nowhera Shaik case. “Thereafter, the Gharonda case and the cheating case involving the advocate will be taken up,” sources said....