Delhi Police Arrests Absconding Accused in Multi-Crore Greater Faridabad Housing Fraud
The Economic Offences Wing (EOW) of Delhi Police has apprehended a proclaimed offender who had been evading arrest since 2019 in connection with a multi-crore real estate scam linked to a housing project in Greater Faridabad, officials confirmed on Saturday.
Shiv Nandan Singh Yadav was taken into custody on June 12 from Faridabad, Haryana, following sustained surveillance and technical analysis by an EOW team, according to police sources.
Yadav had been declared a proclaimed offender by a Delhi court in 2023 in nine criminal cases stemming from separate complaints filed by multiple victims. The cases led to nine FIRs registered in 2019 on the directives of the Chief Metropolitan Magistrate, Shahdara District, Karkardooma Courts.
Investigators discovered that all complaints shared a common pattern involving the same accused individuals and company. Police alleged that the accused, operating through M/s GRPL Globe Reality Pvt Ltd., launched a housing project named “Krishan Kunj Township” in Village Tilori Khadar, Greater Faridabad, in 2013. The project was advertised as a well-developed residential township comprising 496 plots spread across approximately 10.26 acres.
Prospective buyers were lured through attractive advertisements and assurances regarding development, but the company and its directors allegedly misrepresented material facts and did not possess sufficient lawful land for the proposed township. After collecting substantial sums from investors, they failed to hand over the promised plots and abandoned the project.
The EOW said its team continued efforts to trace the absconding accused despite years of unsuccessful attempts before acting on specific intelligence to locate and arrest him in Faridabad.
Police stated that the investigation is ongoing to determine the full extent of the alleged fraud, identify additional victims, and trace the proceeds of crime.
