A group of people formed a welfare society in year 2013 and did following for attracting flat buyers in name of land pooling
-Sent mails about cheap flats
-Few 100 of us got registered with them and paid 10% initial amount to buy flat. Using that money they bought land(just mutation shared and no other details).
-Later on we go to know that DDA has not authorized them. Infact DDA authorized land pooling only in year 2018
-Multiple withdrawl reminders but no response
We are now going to file a police complaint (FIR). Are we right?
Also if police discovers no financial fraud, can it backfire.
