MUMBAI: The police on Friday filed a 500-page chargesheet against Pujit Aggarwal, managing director of Orbit Corporation Ltd in a Rs 2.53 crore cheating case.
Deputy commissioner of the economic offences wing, Sussairaj Jaykumar, said that achargesheet has been filed in one case against Aggarwal.
Aggarwal was arrested on September 8 in a cheating case filed at Azad Maidan police station by Capri Global Capital Ltd. The complainant firm told the police that it had bought three flats in Agarwal’s Orbit Residency Park in Sakinaka in 2010. Ashok Aggawal, the complainant, working with the company as senior vice president, had filed an FIR on May 3, 2016. The complainant alleged that Agarwal had not disclosed to them that the project was mortgaged to LIC Housing Finance Limited.
“Agarwal was supposed to deposit cheques in an escrow account as per the agreement with LICHFL but instead de posited them in another account. The matter came to light after LICHFL took over the project and put it on auction as Orbit defaulted its loan,” the complainant had told police in statement.
When Aggarwal was produced in court 34 other flat buyers came to the police and said that they too had invested in the project but were still waiting for their flats. Aggarwal is in Taloja jail.