In Greater Noida, once again the scam of billions of rupees has been exposed. Promoter Satinder Singh Bhasin of the Grand Venice Mall in Greater Noida, along with his father JS Bhasin and wife Quincy Bhasin, has paid Rs 1,296.14 crore to the government, banks and thousands of property buyers. Gautam Budh Nagar police has revealed this. The police has revealed this in the charge sheet filed in the district court against Satinder Singh Bhasin.
Police has told the court that 30 fake companies were formed by Satinder Singh Bhasin, JS Bhasin and Quincy Bhasin, which were only on paper and not on the ground. After this, he, in collaboration with the officials of Uttar Pradesh Industrial Development Authority (UPSIDC), allotted the parkland at Site-4 of Greater Noida to his companies. Land use of the land was commercialized in a fake way. After this, the FAR was changed in the same way by fake, electricity connections were provided and mortgage permission was given for the banks.
Police found in an investigation that Satinder Bhasin had neither the right to construct nor to sell the property on this land. Everything has been done through fake documents. According to the chargesheet, Satinder Singh Bhasin cheated the property buyers of Rs 700 crore. Banks incurred a loss of Rs 238 crore and caused a loss of Rs 258.14 crore to the Uttar Pradesh government. In this way, three people of one family together cheated 1,296.14 crore rupees (about 13 billion) from the government, banks and thousands of property buyers.
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