Gurugram: A realtor and a lending company were charged with defrauding a buyer of Rs.

Developer and housing finance company charged with allegedly bribing buyer . Buyer bought a unit in a group housing project and secured a loan of Rs 85 lakh from a private equity firm .

GURUGRAM: A developer and a housing finance company have been charged with allegedly bribing a buyer who allegedly invested Rs 1 crore in a city-based real estate project.According to the complainant, the buyer bought a unit in a group housing project and secured a loan of Rs 85 lakh from a private equity firm in 2017.According to the deal, the corporation was supposed to release the amount to the developer in accordance with the status of the project.Despite the fact that no progress had been made in the project, it gave the bulk of the loan amount to the designer.

Ashok Kumar Kaushik, a resident of Delhi, said his daughter Garima purchased a unit in the Sector 68 project from developers.Garima applied for a loan from the finance firm and was approved for a loan of Rs 85 lakh.It was a construction-linked initiative, he said, and the company was supposed to release the payment in accordance with the construction status.According to Kaushik, the firm introduced Rs 60.2 lakh in September 2017 instead of Rs 41.1 lakh in this case.

The towers' work was still underway.The organization then used the blank cheques given by Garima to pay back the loan from the builder.According to him, it was also credited with one EMI of Rs 51,378 in 2021.According to him, the firm also issued a security cheque of Rs 42.5 lakh for the alleged payment of EMIs, which was not due and dishonoured.

Kaushik said that their actions have tarnished her image.On Wednesday, an FIR was lodged at Badshapur police station under sections 406 (criminal negligence), 420 (cheating), and 120B (criminal conspiracy) of the IPC.According to police spokesperson Subhash Boken, the case has been registered and an investigation is ongoing.