Bhopal (Madhya Pradesh): The Sahara real estate manager, in his statement to the Economic Offences Wing (EOW), admitted to signing the sale documents but denied any knowledge of the monetary transactions, officials said on Wednesday.
Earlier in January this year, the EOW registered a case against the Sahara Group of Companies for allegedly cheating investors and committing irregularities in land sales.
Sources familiar with the matter said that Sahara real estate manager Tapas Das, along with his advocate, appeared before EOW officials around 11:30 am on Wednesday. When asked about the signature on the sale deed, Das admitted to having signed the documents.
However, when officials citing Supreme Court directions questioned why the company did not deposit the proceeds into investors’ accounts, Das claimed he had no knowledge of any transactions. He also denied having any information about the price at which the land was sold.
The EOW has asked manager to appear again on April 28 with full details of the sale, purchase, and amounts deposited in investors’ accounts.
DG EOW, Upendra Jain, told Free Press that all cases related to the Sahara Group of Companies have been clubbed and are being investigated accordingly.
In 2014, SEBI permitted the Sahara Group to return investors’ money. The Supreme Court directed the Group to sell land and deposit the proceeds directly into the investors’ accounts. A designated bank account was also provided for this purpose.
The EOW has registered a case regarding the sale of plots at throwaway prices and the company’s failure to deposit the proceeds collected from buyers into investors’ accounts.
