Cheating the builders after collecting emd amount
Querist :
Anonymous
(Querist) 15 November 2022
This query is : Resolved
A Company invites builders to tender and award to build 1000 houses under PMAY scheme at each locations (72 builders x rs 50 lakhs paid), EMD amount Rs 50 lakhs, as construction was going on, many builders paid the EMD, over the period all come to know it was a fraud company. Let us say Company 'A" who had collected EMD, fraud company, opens two subsidiary companies and make women as Directors. say "B" and 'C". Company "A" registers all the land meant for construction site in the names of "B" and "C". Legal system in India fails to prosecute both Directors of Company "B" and "C", in Civil case only property owned by Company "A" can be attached, as money was given to money "A". Now a police case criminal case is going on in sessions court, to whom 5 FIRS registered and 8 police complaints are there. Builders formed an association wanted to fight the civil case, "b" and "C" companies have all the lands. How to get our money and attach the land for shortages if any. Also how to implicate the Company "A" owner in to Goonda list Thanks
kavksatyanarayana 
(Expert) 15 November 2022
Make a complaint against the company online to the Ministry of Housing and Urban Affairs Government of India (e-mail to grievance-pmay@gov.in)
Dr J C Vashista
(Expert) 16 November 2022
Did you complain against the company ?
However, it is advisable to consult and engage a local prudent lawyer for professional advise and necessary proceeding as the company has sufficient funds to seek services of a lawyer without waiting for obligation of experts on this platform based on limited facts posted by you wherein most of them are presumed.
Querist :
Anonymous
(Querist) 16 November 2022
Lawyers have expressed differerent opinion, One to one - Company A can only be prosecuted, why not B and C
kavksatyanarayana
(Expert) 18 November 2022
A company established the B and C companies and hence company A shall be prosecuted.
