Court issues proclamation notice against Vigneshwara directors

NEW DELHI: A Delhi court today issued proclamation notice against two absconding directors of realty firm Vigneshwara Developers Private Ltd in a case pertaining to alleged duping of investors to the tune of Rs 160 crore.

Chief Metropolitan Magistrate (CMM) Vivek Kumar Gulia ordered issuance of the notices under CrPC against Daryau Singh Dahiya and his son Sanjay Singh Dahiya, both directors in Delhi-based realty firm after the Economic Offence Wing ( EOW) of Delhi Police informed that non-bailable warrants against them could not be executed.

"As warrants issued against accused Daryau Singh Dahiya and Sanjay Singh Dahiya have returned unexecuted, a request has been made by the Investigating Officer (IO) for issuance of proclamation notice under sections 82 (proclamation for person absconding) of CrPC.

"In view of this, notice under sections 82 of CrPC be initiated against them," the magistrate said.

After the issuance of proclamation notice by the court, the absconding accused has to surrender before the court or the EOW cell will start proceedings to attach their properties.

During the brief hearing, IO Kumar Kundan informed the court that 93 properties apart from two projects at Sector 74, Gurgaon and IMT Manesar are registered in the name of the absconding accused or in the name of 16 companies of which they were directors along with the arrested accused Sunil Dahiya, another director of the firm.

"These 93 properties are approximately worth Rs 300 crore," the IO said.

The court also sent Sunil Kumar Dahiya to 14 days judicial custody till November 26, after he was produced before it on the expiry of his seven-day police remand.

As soon as Sunil Kumar Dahiya was brought to the court amid tight security, commotion prevailed with hundreds of investors whose money was allegedly being siphoned off by the accused tried to barge into the court room.

Security personnel tried to pacify the investors, who claimed that Sunil ruined their lives by taking away their hard earned money.

Earlier, on November 5, the court had issued non-bailable warrants against Daryau and Sanjay after the IO informed that the duo was evading arrest.

Sunil was arrested by Delhi Police on October 31 from Sunder Nagar area here.

All the accused are wanted in three cases registered at Economic Offence Wing of Delhi Police in connection with the two projects launched by the group. Approximately 700 investors had invested in these projects.

"The three directors Daryau, Sanjay and Sunil have floated around 16 companies and over 350 investors who have been allegedly cheated to the tune of Rs 160 crore by them," Kundan claimed.

He said that the directors induced the investors through media advertisements as well as by way personal assurances to invest in the twin projects.