FIR against Hero Reality Company Director Munjal in Ludhiana:Facing allegations of taking ₹2.40 cr for 4 flats work not completed; sales head too booked

An FIR has been registered against Sunil Kant Munjal, Director of Hero Reality Private Limited, and Nikhil Jain, Sales Head, in Ludhiana. The case involves fraud in the name of flats. According to the FIR filed at Sarabha Nagar police station, the complainant alleges that the company took ₹2.40 crore for 4 flats but did not complete the work on time. When he complained, no action was taken. This caused him mental and financial losses. Currently, the police have registered a case against the company’s director and sales head under charges of fraud and criminal conspiracy based on the complaint. Police say the matter is under investigation. Here’s the complete case in sequence… Took ₹2.40 cr for 4 flats
Falitash Jain, a resident of New Madhopuri Ludhiana, complained to the police that he had purchased 4 flats from the company in Hero Homes, Ludhiana project. He had paid approximately 2 crores 41 lakhs 13 thousand 602 rupees to the company Hero Realty Private Limited office in Okhla Industrial Estate New Delhi for purchasing the flats. He has all the receipts for this as well. Flat construction work not completed
Falitash Jain alleges that despite receiving the full amount, the company did not complete the construction work of the flats. In this way, the company conspired to defraud him. He complained several times to the Director and Sales Head, but no hearing took place. This caused him mental distress. His money getting stuck also caused financial loss. Complaint given to senior officers
Falitash Jain complained about this matter to senior police officers. After that, the police investigated the case and then registered a case against company director Sunil Kant Munjal and sales head Nikhil Jain under IPC sections 406 (criminal breach of trust), 420 (cheating) and 120B (criminal conspiracy). Police have started a detailed investigation of the case.