Jaipur builder arrested for duping investors

New Delhi, Jan 13 : A Jaipur-based Builder Has Been Arrested By Delhi Police's Economic Offences Wing For Cheating Investors By Taking Money From Them For Plots In The Rajasthan Capital, Police Said On Wednesday.

Anil Kumar Sharma Was Arrested From Jaipur On Tuesday.

During The Course Of Investigation, It Was Revealed That Sharma Started Housing Projects With The Name "Ashiana Enclave" At NH-8, Ajmer Road, Jaipur And Publicised Them Widelu With False Promises.

He Took Investments In The Form Of Booking Amounts And Initial Deposits For Promised Housing Units Without Ownership And Taking Required Approvals From The Regulatory Or Government Authorities.

The Total Alleged Cheated Amount In This Case Is Rs 38 Lakh Approximately And Number Of Total Investors Is 17.