Delhi businessman booked for duping flat buyers of ₹14 crore

Diwaker Sharma was apprehended by the Delhi Police's Economic Offences Wing

A 64-year-old businessman was arrested for allegedly duping several people, including government employees, by promising them delivery of residential flats within two years of issuance of allotment letters, police said on February 28.

Diwaker Sharma, who was apprehended by the Delhi Police's Economic Offences Wing (EOW), is a director of a company established by him along with his accomplice Piyush Tiwari, they said.

Police said Sharma, who graduated from the Delhi University, worked in the Ministry of Agriculture and then joined the Ministry of Science of Technology as a section officer. He left the job from the post of Under Secretary, they said.

“The duo after taking money from people misappropriated it by diverting it to various group companies and projects, police said. The arrest was made on a case registered on the complaint of Gulshan Sethi in 2016 against Shubhkamana Buildtech Private Limited and its directors Tiwari and Sharma,” they said.

“The accused had promised them flats in their project Shubhkamna City in July-September 2013 and it was supposed to be developed at Greater Noida in Uttar Pradesh,” police said. “Sethi has alleged that the firm’s directors had assured him and several others that they would deliver the project within two years from the date of issuance of allotment letters. However, they have failed to deliver the project,” police said.

“More than 60 complaints are clubbed with the FIR and more than ₹14 crore has been “stolen” by those accused,” they said.