CBI Expenses Son Of Noida Builder ‘Gaursons’ In Bank Fraud Well worth 80 Crores: Report

Rahul Gaur, son of genuine estate group Gaursons’ chairman, has been billed by CBI in a lender fraud case

New Delhi:

Rahul Gaur, the son of real estate team Gaursons’ chairman BL Gaur and his wife Navneet, have been charged by the CBI for allegedly dishonest the Lender of Baroda and the Syndicate Financial institution to the tune of Rs 80 crore in the title of a higher-end residential sophisticated prepared by their business Brys Worldwide Personal Limited, officials explained on Friday.

The enterprise had taken a credit score of Rs 250 crore (Rs 150 crore from the Lender of Baroda, Rs 100 crore from the Syndicate Bank) for developing a substantial-finish residential intricate comprising 291 luxury flats at Sector 150, Noida, they explained to news company Push Belief of India.

The Bank of Baroda has alleged in a grievance that Rs 80 crore were disbursed by the financial institutions, but the task was still left in the lurch in its initial stages, the officials instructed PTI.

It is claimed that the preliminary deposits by the purchasers must have been credited to the escrow account but it was not completed, they added.

A forensic audit of the company’s account showed spherical-tripping and diversion of money, opaque working and misrepresentation of information, the officers told Push Belief of India.

The account had turned a non-performing asset (NPA) in 2015 with Rs 80 crore exceptional, they added.

(Besides for the headline, this story has not been edited by NDTV employees and is released from a syndicated feed.)

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