Zirakpur: Another FIR Registered Against GBP Party Organizers For Cheating

Zirakpur: Another FIR Registered Against GBP Party Organizers For Cheating
Image Source – TheIndianExpress

Builders went missing about September this year after deceiving many investors, and police said they had failed to find GBP promoters so far. 

Zirakpur police registered another case against Gupta Builders and Promoters Limited on charges of cheating and breach of trust in a subtle way.

Builders went missing about September this year after deceiving very many investors, and police said they had failed to find GBP promoters so far, which for the most part is quite significant.

It mostly was assumed that the defendant mainly had fled abroad, kind of contrary to popular belief.  

One of the promoters also in September shared a video on fairly social media saying he kind of had gone to the UK to look for new investors for his programs mainly. 

On September 28, in an open letter posted explicitly on every social media, one of the group’s directors, Satish Gupta, reassured investors that they generally were abroad to seek investment and said the delay in finalizing the plans essentially was definitely due to the epidemic, which is reasonably significant.  

The company generally has fairly significant housing and commercial projects in Zirakpur, Derabassi and Kharar in a big way.

According to the information, Ujjwal Sethi, a resident of Sector 45-A, Chandigarh, basically has complained about the police alleging that the GBP group is building a housing project in Ramgarh Budha village, kind of contrary to popular belief.  

Seth, in his complaint, essentially said the company, however, kind of has stopped chiefly building in the middle, demonstrating how the company essentially has fairly significant housing and, for all intents and purposes, commercial projects in Zirakpur, Derabassi and Kharar in a subtle way.

“At definitely the least 70 people have been given loans from banks to repay investors in a big way essentially. But the company’s promoters, for the most part, fled after massively taking the money.  

The construction of this system kind of has been put on hold again,” Seth said in a statement, particularly contrary to popular belief.

The police took action and registered a case under sections 420 (cheating), and 406 (crime of breach of trust), and 120-B very (criminal conspiracy) of the Indian Penal Code (IPC), or so they specifically thought.

The company’s developers – Satish Gupta, Raman Gupta and Pardeep Gupta – basically have been named in the case is a pretty big way.  

The promoters of the GBP group are said to have kind of fled the country after leaving fairly several projects in the middle, leaving hundreds of investors confused excellently.

In the wake of the Pearl Group scam, the GBP case is one of the kinds of the biggest in the region where the company that is accused of defrauding hundreds of investors for crores, somewhat further showing how it essentially was assumed that the defendant had generally fled abroad, kind of contrary to popular belief.

Zirakpur police had already registered the case with the company in September after the developers ran subtly.  

An investigating officer said they generally had released the Look Out Circular (LOC) and would follow up on all the suspects soon, demonstrating that the company has very major housing and, for all intents and purposes, commercial projects in Zirakpur, Derabassi and Kharar. 

Builders went missing about September this year after deceiving many investors, and police said they had failed to find GBP promoters so far. 

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