MANOJa

Four officials of registrar societies and the director of a major private developer have been booked by the vigilance bureau of Haryana for colluding to auction a property worth Rs 400 crore for just Rs 5 crore. Just four people took part in the auction, which wasn't advertised, and in 24 hours readymade possession certificates were handed out.
The vigilance bureau lodged an FIR after a five-year-long inquiry. Four government officials, now retired, allegedly colluded with Vipul Infrastructure Developer Ltd and auctioned a 10.6-acre plot earlier allotted to Mount Everest Housing Society in Gurgaon.

The FIR registered at Civil Lines police station has named then-assistant registrar A S Dagar, deputy registrar Zile Singh, ex-inspector of registrar office Ajit Singh and ex-sub inspector of the registrar office, Maha Dev Singh, as accused. Punit Beriwal, a director of Vipul Infrastrucure Developer Pvt Ltd, and Ashok Sharma, member of the housing society, have also been named.

Bought in 1994-95, the current price of the land, due to its location and acreage, is estimated at Rs 400 crore. Members of the society and the vigilance department alleged that in 2003, the accused held a sham auction.

The FIR says the managing committee of the society was dismissed by the registrar's office in 2002 after it detected major financial irregularities. "They (the registrar's office) created a board of administrators and those named in the FIR were a part of this board. The board decided to auction the land in 2003 by themselves without taking us into confidence. It was illegal," said Suresh Chauhan, vice-president of the housing society. The registrar office too cleared the application filed by the disbanded committee to auction the land.

Varun84

OH no, there are also trying to be likes of emaar MGF?