CCI gets complaint against DLF for alleged abuse of dominance

NEW DELHI: Competition watchdog CCI has received complaint against realty major DLF for allegedly misusing its position as a market leader, Parliament was informed on Thursday.

"The Competition Commission of India has received information alleging abuse of dominance by four developers-- DLF New Gurgaon Homes Developers, DLF Home Developers Ltd and Others, DLF Limited and others, and DLF New Gurgaon," Corporate Affairs Minister Salman Khurshid said in a written reply to the Lok Sabha.

Khurshid was responding to a query whether government was aware of the various kinds of fraud and malpractices being adopted in the realty sector.

"Ministry of Corporate Affairs is concerned with taking action against the developers in the realty sector which are registered as companies ... for offences/violation of the provisions of the Companies Act 1956, as and when noticed," he said.

He added that based on the investigations carried out by the Serious Fraud Investigation Office (SFIO) into Manmandir Estate Development, prosecutions have been filed for violations of certain sections of the company law and the Indian Penal Code.