Hi
Greetings

Take extra care, rather avoid all pre launch of plots..
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Quiet a few plotted colonies, all without CLU, LOI have cropped all over fbd these days.
YS Rana is untraceable, out on a Rs2L Bail Bond after duping 1800 buyers. No offence meant but Possibly facilitated due to pathetic FIR by Hans Raj Ji and bogus investigation by EOW.


15TH OCTOBER 2007
\
ECONOMIC OFFENCES WING
CRIME BRANCH NEW DELHI

With the arrest of Yatinder Singh Rana, MD of M/s PSG Developers and Engineers Limited. A land and building scam of more than 50 crores involving 1800 investors have been unearthed.

Advertisement were given by M/s PSG Developers in the month of 2005-06 for development of housing colony in Manesar, Faridabad, Greater NOIDA. They promised to develop township over 750 acres where they had very little land in their own name. They also did not have the requisite permission from the concerned government. Announcement of such schemes are prohibited by the different acts of the State Govt.

In order to impress the investors, they shifted their office from Okhla to Meridian Hotel . A total of 1800 investors deposited an amount of Rs. 50 crores with them. Till now we have received complaints from 395 investors amounting to Rs. 18 crores.

The arrest was made by Anti Land and Building Racket Cell of Economic Offences wing.

ADDL. COMMISSIONER OF POLICE
ECONOMIC OFFENCES WING, CRIME BRANCH
NEW DELHI


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  • Birth of another fraud, unauthorised plotted colony

    Birth of another fraud, unauthorised plotted colony

    be careful of this YUMMUNA Expressway connectivity offer..

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