Samar Estate fraud case: 2 years after first FIR, main accused held at his residence, granted bail

Almost two years after the first FIR was registered in the Samar Estate fraud case, prime accused Vinod Bagai was arrested from his Panchkula residence, but granted bail on medical grounds Thursday. The accused’s wife Sunita Bagai and relative Virender Bagai had been arrested on February 19 and sent to judicial custody.

The case came to light when the first FIR was registered on July 31, 2019. As many as 18 FIRs have since been filed in the case against the accused, spanning over more than one and a half years, at the Sector 20 police station of Panchkula.

The arrests came soon after the Punjab and Haryana High Court had, last November, sought a reply from the Panchkula SP on an application moved by a war disabled soldier against prime accused Vinod Bagai, director of Samar Estate, in his housing project ESS Vee Apartments for passing directions to police department for initiating action and arrest all the three accused.

History of the company

Between 1998 and 2003, the company completed 11 projects as builders. It was in 2005-06 when the three directors launched their new project, ‘ESS VEE Apartments’, and the present accused with the other co-accused started booking flats in the project. Bookings were taken between 2005-06 to 2013-14 with assurances that possession of flats will be delivered within three years.

Over 400 people booked and await possession of these 3BHK flats in the Ess Vee Society of Panchkula. FIRs by victims allege a total fraud of…

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