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The Print
6 days ago
- The Print
Court grants bail to man accused in kidnapping case involving Vikas Yadav
In its order dated July 23, the court noted that the complainant, Raj Kumar Walia, alleged that he was kidnapped, assaulted, and robbed by co-accused Vikas Yadav and Abdullah Khan on December 17, 2023, where Yadav claimed to be acting on behalf of the Lawrence Bishnoi gang. Additional Sessions Judge Saurabh Partap Singh Laler, who was hearing the bail plea of Jalaluddin alias Sameer, said that there was undisputed evidence of the complainant and the accused travelling together to Thailand, merely three weeks after registration of the FIR on January 6, 2024, creating a prima facie doubt. New Delhi, Jul 26 (PTI) A Delhi court has granted bail to a co-accused in the extortion and kidnapping case involving Vikas Yadav, a former Indian government official charged by the US authorities for his alleged role in a foiled plot to assassinate Sikh separatist Gurpatwant Singh Pannun on American soil. 'The complainant (Walia) stated that he was forced to make a video call to the applicant/accused (Jalaluddin), who was purportedly based in Dubai, demanding hawala payments. The complainant was allegedly injected with a substance, beaten, and robbed of valuables, including cash, jewellery, and cheques,' the court noted. It noted that the Delhi Police's special cell then registered an FIR invoking charges of kidnapping for ransom, attempt to murder, criminal intimidation, robbery, criminal conspiracy, and violations under the Arms Act. The court noted that Yadav and Khan were arrested earlier and certain recoveries were made at their instance, but Jalaluddin was arrested on July 1 this year for his alleged role in the criminal conspiracy. Jalauddin's counsel told the court that his client and Walia travelled to Thailand on the same day on January 6, 2024, shortly after the FIR was lodged on December 17, 2023, and this fact was not disclosed by the complainant to the Investigating Officer (IO) or the court at any stage. After examining the relevant passport pages, the court said, 'The passport entries unequivocally confirm that both the complainant and the applicant arrived at Thailand on January 6, 2024. 'The complainant's passport shows his arrival in Thailand on that date, and the applicant's passport and flight tickets corroborate the same.' It said that while the photographs of Jalaluddin and Walia together, along with WhatsApp communications, were disputed by the complainant by alleging manipulation, the passport details were 'undisputed and form objective evidence.' The court said that despite repeated queries, Walia failed to explain the simultaneous travel to Thailand. It said Jaluddin's role was primarily conspiratorial, no recoveries had been effected from him, the investigation regarding him was complete, he had no prior criminal record, and he also assured compliance with court conditions. 'However, the pivotal factor tilting the balance in favour of bail is the undisputed fact of the post-FIR travel to Thailand by both the complainant and the applicant. This occurrence, merely three weeks after the FIR, raises serious questions about the complainant's conduct and the credibility of his allegations,' the court said. It said Walia was duty-bound to disclose this material fact to the IO and the court, as it directly impacted the prosecution's case. 'His (Walia's) failure to do so, coupled with the lack of any plausible explanation despite court queries, suggests possible suppression of facts. While the disputed photographs and communications require forensic verification at trial, the passport evidence alone creates a prima facie doubt regarding the complainant's version, sufficient to justify bail at this stage,' the court said. It granted him bail on furnishing a bail bond and two surety bonds of Rs 1 lakh each and subject to several other conditions, including not tampering with evidence, not contacting the complainant and cooperating for expeditious disposal of the case. A chargesheet has already been filed against Jalauddin, and the matter has been fixed for further proceedings on August 25. PTI MNR RHL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
24-07-2025
- Business
- Time of India
ED secures custody of two Ramprastha Group directors in ₹1,100 crore fraud case
GURUGRAM: The Directorate of Enforcement (ED) on Wednesday secured two-day custody of Sandeep Yadav and Arvind Walia , promoters of Haryana-based realty company Ramprastha Group , in connection with a money laundering probe linked to an alleged Rs 1,100 crore fraud with homebuyers. The two were arrested on Monday after the Gurugram zonal office of the federal probe agency raided three premises in Delhi and Gurugram, including those of the directors, early morning on that day. Yadav and Walia are directors and majority shareholders in Ramprastha Promoters and Developers Pvt Ltd ( RPDPL ). They were taken into custody under the Prevention of Money Laundering Act (PMLA). The federal probe agency produced the two in the court of an additional session judge, following which the ED secured their custody. The agency conducted a survey against the group in September 2024. It is alleged that the RPDPL collected about Rs 1,100 crore from more than 2,000 homebuyers for various housing schemes like Project Edge, Project Skyz, Project Rise and Ramprastha City (plotted colony project) in various sectors of Gurugram during 2008-11. The possession of the flats or plots is yet to be given, even after 15-20 years, the sources said. Earlier this month, the agency attached colonies and plots spread across more than 1,900 acres and worth over Rs 681.54 crore of the group in Gurugram as part of this investigation. The money laundering case stems from multiple FIRs filed by the Economic Offences Wing (EOW) of the Delhi and Haryana Police based on complaints of numerous homebuyers against RPDPL and its promoters, like Yadav, Walia and Balwant Chaudhary for their "failure" to deliver promised flats and plots within the promised timeframes, the ED had said in a statement. The company and its promoters "diverted" the funds sources from buyers of these projects to its group companies as advances for the purchase of land parcels, instead of using them for completion of promised homes, it had said.
Time of India
23-07-2025
- Business
- Time of India
Ramprastha realty fraud: ED uncovers Rs 140cr fund diversion
1 2 Chandigarh: The Gurugram unit of the Enforcement Directorate (ED) on Wednesday claimed to have uncovered a fund diversion of over Rs 140 crore belonging to home buyers by the directors of Ramprastha Promoters & Developers Pvt Ltd (RPDPL). The revelation came during the interrogation of Arvind Walia and Sandeep Yadav, directors and promoters of Ramprastha Developers Group. Both Yadav and Walia were arrested by ED's Gurugram unit on Monday, and the special PMLA court of Gurugram ordered their ED custody until Friday. ED is expected to get more leads about the whereabouts of other accused as well as details of funds diverted by the accused company, confirmed the officials on Wednesday. Walia and Yadav are directors and the majority shareholders of Ramprastha Developers Group. The company is accused of duping 2,000 home buyers to the tune of Rs 1,100 crore on the pretext of selling flats or allotment of residential plots in Gurugram. Officials informed that soon after the arrest of the accused, the federal agency conducted search operations at three locations in Delhi and Gurugram in connection with a money-laundering case against RPDPL and its promoters/directors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo The promoters/directors of RPDPL diverted funds of more than Rs 140 crore collected from homebuyers to its group companies as advances for the purchase of land parcels, etc, instead of using the same for the completion of promised homes, which ultimately led to failure to deliver the flats and plots to date. The search actions also resulted in the seizure of unaccounted cash amounting to Rs 18 lakh and six luxury cars belonging to the company used for the personal needs of the directors. Moreover, three bank lockers and 34 bank accounts with balances worth multiple crores were frozen. ED initiated an investigation on the basis of multiple FIRs registered by the Economic Offences Wing (EOW), New Delhi, and Haryana Police. It was alleged in the FIRs that RPDPL and its promoters have cheated/defrauded various home buyers/plot buyers for failing to deliver the promised flats and plots within the promised timeframes, even after the lapse of more than 10-14 years. During the investigation under PMLA, 2002, it was revealed that RPDPL launched various projects such as Project Edge, Project Skyz, Project Rise, and Ramprastha City (plotted colony project) situated at Sectors 37D, 92, and 95, Gurugram, in 2008-2011, and possession of flats/plotted lands was promised within 3-4 years of launch. ED investigation revealed that RPDPL collected approximately Rs 1,100 crore from more than 2,000 homebuyers for the said projects. Immovable properties worth Rs 681.54 crore belonging to RPDPL and its group companies were provisionally attached on July 11.
Hindustan Times
23-07-2025
- Business
- Hindustan Times
Home buyers 'fraud': ED secures custody of 2 Ramprastha Group directors
Gurugram, The Directorate of Enforcement on Wednesday secured two-day custody of Sandeep Yadav and Arvind Walia, promoters of Haryana-based realty company Ramprastha Group, in connection with a money laundering probe linked to an alleged ₹1,100 crore fraud with homebuyers. Home buyers 'fraud': ED secures custody of 2 Ramprastha Group directors The two were arrested on Monday after the Gurugram zonal office of the federal probe agency raided three premises in Delhi and Gurugram, including those of the directors, early morning on that day. Yadav and Walia are directors and majority shareholders in Ramprastha Promoters and Developers Pvt Ltd . They were taken into custody under the Prevention of Money Laundering Act . The federal probe agency produced the two in the court of an additional session judge, following which the ED secured their custody. The agency conducted a survey against the group in September 2024. It is alleged that the RPDPL collected about ₹1,100 crore from more than 2,000 homebuyers for various housing schemes like Project Edge, Project Skyz, Project Rise and Ramprastha City in various sectors of Gurugram during 2008-11. The possession of the flats or plots is yet to be given, even after 15-20 years, the sources said. Earlier this month, the agency attached colonies and plots spread across more than 1,900 acres and worth over ₹681.54 crore of the group in Gurugram as part of this investigation. The money laundering case stems from multiple FIRs filed by the Economic Offences Wing of the Delhi and Haryana Police based on complaints of numerous homebuyers against RPDPL and its promoters, like Yadav, Walia and Balwant Chaudhary for their "failure" to deliver promised flats and plots within the promised timeframes, the ED had said in a statement. The company and its promoters "diverted" the funds sources from buyers of these projects to its group companies as advances for the purchase of land parcels, instead of using them for completion of promised homes, it had said. This article was generated from an automated news agency feed without modifications to text.
News18
23-07-2025
- Business
- News18
Home buyers fraud: ED secures custody of 2 Ramprastha Group directors
Gurugram, Jul 23 (PTI) The Directorate of Enforcement (ED) on Wednesday secured two-day custody of Sandeep Yadav and Arvind Walia, promoters of Haryana-based realty company Ramprastha Group, in connection with a money laundering probe linked to an alleged Rs 1,100 crore fraud with homebuyers. The two were arrested on Monday after the Gurugram zonal office of the federal probe agency raided three premises in Delhi and Gurugram, including those of the directors, early morning on that day. Yadav and Walia are directors and majority shareholders in Ramprastha Promoters and Developers Pvt Ltd (RPDPL). They were taken into custody under the Prevention of Money Laundering Act (PMLA). The federal probe agency produced the two in the court of an additional session judge, following which the ED secured their custody. The agency conducted a survey against the group in September 2024. It is alleged that the RPDPL collected about Rs 1,100 crore from more than 2,000 homebuyers for various housing schemes like Project Edge, Project Skyz, Project Rise and Ramprastha City (plotted colony project) in various sectors of Gurugram during 2008-11. The possession of the flats or plots is yet to be given, even after 15-20 years, the sources said. Earlier this month, the agency attached colonies and plots spread across more than 1,900 acres and worth over Rs 681.54 crore of the group in Gurugram as part of this investigation. The money laundering case stems from multiple FIRs filed by the Economic Offences Wing (EOW) of the Delhi and Haryana Police based on complaints of numerous homebuyers against RPDPL and its promoters, like Yadav, Walia and Balwant Chaudhary for their 'failure" to deliver promised flats and plots within the promised timeframes, the ED had said in a statement. The company and its promoters 'diverted" the funds sources from buyers of these projects to its group companies as advances for the purchase of land parcels, instead of using them for completion of promised homes, it had said. PTI COR AMJ AMJ AMJ (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 24, 2025, 00:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
