The Telegraph
Sunday , August 4 , 2013
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CBI begins realty scam probe

Ranchi, Aug. 3: The CBI has formally begun investigations into the multi-crore realty scam involving Ranchi-based Sanjeevani Buildcon Private Limited.

The agency collected the files of four cases related to the 2012 scam from different police stations today. It will place the files before the court of judicial magistrate Yashwant Prakash in Ranchi soon.

Sanjeevani’s chairman-cum-managing director J.D. Nandi, directors Anita, Anamika (both Nandi’s wives), Prakash Prasad Lala, Shyam Kishore Gupta and board member Md Moin Ansari are the main accused in the four cases. Except Nandi, all have been arrested.

“We will register 11 cases after going through all the complaints filed at various police stations and clubbing similar ones. While probe has begun into four of them, the remaining cases will be taken up within a couple of days. The economic offence wing and anti-corruption branch of the agency will look into these cases,” CBI DIG S.K. Bhagat said.

In the biggest realty scam that rocked the capital in April last year, Nandi and Co. had duped over 100 people of their life’s savings on the pretext of giving them their dream homes. Though there is no specific information about the total money lost by people, police investigation revealed that the accused had looted more than Rs 500 crore, prompting then Arjun Munda government to direct the CBI probe the case in January this year.

“Initial investigations have started. We have freshly scanned the company’s account (910020009237616) with Axis Bank in Ranchi. It has been found that the company started closing down its operations in March last year, when it started withdrawing money from the bank,” a CBI official said.

Complaints started pouring in after March 2012. There are 22 such cases against Jayant alone, besides 50 complaints regarding cheque bounce.

The four cases, which the central agency has taken up, were lodged with police stations in Nagari, Lichi Bagan, Ratu and Bariatu areas.

In case RC 8 (S/13), one Abhijeet Viswash alleged that the company took Rs 3.17 lakh from him, promising a 1,500sqft land at Meral village in Nagari. Manoj Singh of Lichi Bagan was allegedly duped into giving Rs 2.70 lakh (RC 9 (S/13). He was promised a 5,000sqft plot at Angara, which he never got.

Case RC 10 (S/13) states that Sheela Devi, originally from Patna, was conned by Sanjeevani Buildcon into registering a plot worth Rs 2 lakh in Ratu. Similarly, Chandrabhushan Sahay complained —case RC 11 (S/13) — that the company officials took lakhs from him on the pretext of providing him a flat in Bariatu.

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