Non-Bailable Warrants issued against two directors of Vigneshwara Developers

NEW DELHI: A Delhi court today issued Non-Bailable Warrants (NBW) against two directors of realty firm Vigneshwara Developers in a case pertaining to alleged duping of investors to the tune of Rs 160 crores.

Chief Metropolitan Magistrate Vivek Kumar Gulia issued NBWs against Daryau Singh Dahiya and his son Sanjay Singh Dahiya, both directors in Delhi-based realty firm Vigneshwara Developers Private Ltd.

"Issue Non Bailable Warrants against accused Daryau Singh and Sanjay Singh returnable for November 12, 2014," the CMM said after Kumar Kundan, Investigating Officer (IO) of the case, submitted that the two accused are evading arrests.

The court also extended the police custody of Sunil Dahiya, one of the directors in the company, who was arrested October 31, from Sunder Nagar area here.

"IO states that further interrogation (of Sunil) is necessary and evidence needs to be corroborated with the statements of the accused. Police custody of Sunil Dahiya is extended till November 12, 2014," the CMM said.

On October 31, the court had granted five-day police custody of Sunil after he was arrested and produced before the magistrate.

All the accused are wanted in three cases registered at Economic Offence Wing (EOW) of Delhi police.

"These cases were registered in connection of two projects launched by Vigneshwara Developers Pvt Ltd and its group companies at Manesar, Gurgaon and Sector-74, Gurgaon. Approximately 700 investors had invested in these projects.

"We had received complaints from nearly 350 investors who have been allegedly cheated to the tune of Rs 160 crores by the directors of the accused company," Deputy Commissioner of Police (EOW) Mangesh Kashyap had said.