The Telegraph
Wednesday , April 25 , 2012
Since 1st March, 1999
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CID hot on cash trail in realty scam

Jharkhand Crime Investigation Department (CID) has asked Ranchi SSP Saket Kumar Singh to prepare a comprehensive report on tainted realtors Sanjeevani Buildcon and Samridhhi Creative Private Limited to assess the quantum of money lost by buyers in the alleged building scam.

CID IG Anurag Gupta told The Telegraph on Tuesday morning that he had sent a tabular format to Ranchi SSP two days ago for specific, category-wise data related to the multi-crore realty scam.

“All details are in bits and pieces at the moment. There is no holistic data on how many people were duped, the extent of loss, property locations of the builders, among others. We know just the tip of the iceberg,” said Gupta.

The format includes number of individuals, builders, location of the disputed properties, mode and time of payments made, account number and person to whom the payments were made as well as comments of victims.

Last Thursday, chief minister Arjun Munda ordered a special investigation team (SIT) be formed to get to the bottom of this scam.

“The SIT will be formed today or tomorrow,” said Gupta, who is likely to lead the special team.

For now, the CID IG said they would restrict the investigations to the two controversial realty firms — Sanjeevani Buildcon and Samridhhi Creative. “We are trying to get the full financial picture. We have asked Ranchi police to gather information from the builders’ accounts and hunt for documents related to I-T returns,” he said.

Insiders in the CID said that if one went through the Sanjeevani Buildcon trajectory, the fact that something was amiss was evident from the start. Police turned a blind eye to complaints against the firm in a scattered manner till it snowballed into a huge affair.

“We were told that last November, an FIR was filed in an ST/SC case against Sanjeevani Buildcon director Shyam Kishore Gupta at Ranchi’s sadar police station.

“Interestingly, he also sought anticipatory bail, which isn’t easy to get in an ST/SC case. We fail to understand why was he not arrested. In the same month, he got married in a lavish ceremony. All this adds up to the fact that police were involved,” said a senior CID official.

The official added that when the scam blew Gupta’s cover, he still managed to give everyone the slip. “But he was in Ranchi till very recently. Why wasn’t he nabbed?” the official asked.

Meanwhile, Ashok Sharma, a close aide of Sanjeevani Buildcon MD and alleged scam mastermind J.D. Nandi, has been forwarded to jail on Tuesday afternoon after his arrest a day ago. Investigating officer in Sanjeevani Buildcon case Arvind Kumar Sinha said Sharma had facilitated the registration of around 100 plots.

“Raids are being conducted everyday at the addresses of all possible connections such as relatives, friends and acquaintances but Nandi, who planned and executed the scam superbly, is still traceless. None of his numbers are active. Last week, we tracked one of his phones briefly at some Mumbai location after which there is no clue,” Singh said, adding that so far around 250 FIRs had been lodged.

“Even a day ago, the FIR count was 235. It’s a developing story,” the police officer said.

Ranchi was where 90 per cent of Nandi’s business interests were, but he apparently knew the city would get too hot for him.

“Nandi managed his business over phone since some months. His staff was not paid salaries since past four months, his company vehicles were withdrawn from project sites. You can say he was kind of winding up. He was collecting his illegally amassed assets to flee,” said Singh.

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