According to the police, the complainant, identified as Anurag Sahay, said that the promoters of Amrapali Group had launched the "Crystal Homes" project in Silicon City, Sector 76, Noida in 2013 for "2, 3 & 4 BHK" and made several promises at the time of booking.
Sahay said that it was claimed that the project is a part of Amrapali Silicon City and will be equipped with all modern amenities and facilities. "The completion of the project was fixed for 48 months from the signing of the agreement," he said in his complaint.
Police said that the complainant had booked a flat after completing all the requisite formalities including the execution of the builder-buyer agreement. But the company failed to fulfill their commitment and till date, structural construction has not been completed.
"In order to extract money from the buyer, the accused directors/persons of the company hatched a conspiracy and collected the amount through Mission Completion scheme and Subvention scheme," the complaint read.
Police have registered a case under Sections 406, 420 and 120B of the Indian Penal Code.
In a landmark judgement on July 25, the Supreme Court had ordered the Enforcement Directorate to register a money laundering case against Amrapali group's officials for fraud as several instances of fund diversion and illegitimate use of home buyers' hard-earned money came to light.
Several top group officials have been arrested.
( With inputs from IANS )