Vda Registers Fir Against Varanasi-based Real Estate Firm, Real Estate News, ET RealEstate

October 20, 2023

LUCKNOW: Varanasi Development Authority (VDA) on Thursday lodged an FIR against a local real estate company following recent Income Tax Department searches.

The FIR was lodged by Prakash Kumar on behalf of the authority and against Vinayak Nirman Private Ltd. The case against the company was registered under Indian Penal Code sections 420 (cheating), 467 (forgery of valuable security), 468 (forgery for purpose of cheating) and 471 (fraudulently or dishonestly using as genuine any document).

VDA acted on the directions and an official communication issued by the Lucknow-headquartered investigation wing of the Income Tax (IT) department and sent a complaint to the Varanasi Police against the company.

It has accused Vinayak Nirman of “forging” a 2012issued completion certificate of a residential project called Varuna Gardens project in Varanasi’s Hamrautia locality. In its complaint, the VDA said that it conducted a probe, post the IT searches in the first week of October, and found that no such certificate was issued by the joint secretary of the authority to the real estate company for the project.

The tax department recently attached 45 flats built in the Varuna Gardens project, apart from some other assets and bank deposits of the Vinayak group, worth about Rs 150 crore (market value).

  • Published On Oct 20, 2023 at 04:00 PM IST

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