Delhi High Court Summons Investigation Agencies In Case Of Fraud Of 16 Crores Filed Against Owners Of Hyatt Regency

The Delhi High Court has issued notices to the ED, SFIO, and CBI, including the EOW of the Delhi Police, in connection with the multi-crore fraud case with a senior citizen involving Hotel Hyatt Regency owner Shiv Kumar Jatiya, his son Amritesh Jatiya and CA. It is alleged that the Delhi Police did not act properly to save the white-collar influencers.

The owner of Hyatt Regency Hotel, along with his son and a chartered accountant, cheated a senior citizen of about Rs 16 crore. The Economic Offenses Wing (EOW) of Delhi Police registered a case in this case but filed a charge sheet without arresting the influential accused. On the plea of the victim, the High Court has issued notices to EOW, SFIO, ED, CBI and other agencies and sought answers. In this case, an IPS officer is accused of helping the accused.

The case about Hyatt Regency owners

Senior citizen Shivraj Krishna Gupta lives in the South Delhi area with his family. In February 2015, Chartered Accountant Girish Sarin contacted him and informed that Shiv Kumar Jatia, owner of Hotel Hyatt Regency, through his company Leading Hotels Limited, is preparing a luxurious residential scheme in an area of about 245 acres in Tirakal village of North Goa. There will also be an 18-hole championship golf course in association with the famous Four Seasons chain in the USA. Along with this, 125 standard and 60 luxury cottages are also being built. All permissions have been taken for this. This villa will also be sold to selected people; Shiv Kumar Jatiya has selected you among the selected people.

Took ten crore rupees for booking

Shivraj Gupta was told that luck does not knock again and again and he should book a luxury villa. Believing Sarin, he booked the villa by giving a check for ten crore rupees. In lieu of this he also got the agreement letter on 30 and 31 July 2015. Due to which, luxury villa number 24 was allotted in his name. Whose possession was to be given by 31 July 2019. During this, he was also told that he would continue to get a 12.5% annual return till he gets possession of the villa.

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About seven and a half crore rupees were recovered

According to the case filed, in January 2017, Sareen met him again and said that Jatiya and his son are working very hard. But due to financial problems, the work is not being done fast. If you give Rs 7.45 crore as a short-term loan, then the work will be done quickly. In return, you will also be given a return at the rate of 12.5 percent per annum. Gupta paid this amount to him through checks from January 2017 to August 2018. Out of which he was later returned Rs 2.05 crore.

Received Fraud Information

Soon Shivraj Gupta came to know that the construction of the villa in his name about 16 crore rupees had been recovered from him, is not being done there. Due to a legal dispute, NGT has attached the project. This was mentioned in the director’s report of Asian Hotels North India headed by Jatia himself. When questioned about this, Jatiya assured him in the presence of his son and Sarin that his money was safe and gave Gupta advance checks adding the amount he had given as security and interest.

Jatiya also stopped the check payment

Gupta was shocked to see his hard-earned money at risk. But there was some relief from the check received as security but not for long. As soon as he deposited the cheques he received as security in the bank in January and March 2021, it was found that Jatiya had closed the bank account by stopping the check payment.

The Joint Commissioner of Police played a game!

Troubled by the fraud of crores, Shivraj Gupta complained about this to the Commissioner of Police on December 2021. After a preliminary investigation, on January 2022, EOW started the investigation by registering a case under sections 406, 420, and 120B of IPC. After which the charge sheet was filed before the court in August 2022. It is alleged that an IPS officer posted as Joint Commissioner of Police helped the accused in the case. This is the reason that despite all the evidence in this case, none of the accused was arrested. If sources are to be believed, the EOW has played a big role in helping the white-collar influencers in this matter.

Shivkumar Jatiya is trapped in many cases

Shiv Kumar Jatia is the director of Asian Hotels North India, the company that operates the famous Hotel Hyatt Regency of Delhi. His son Amritesh Jatia is also a director in the company. He had prepared the project of Goa through another company Leading Hotel Limited. The budget of the scheme was kept at around Rs 505 crore. For which a hefty loan was also taken from a private bank.

The bankruptcy process started

Shiv Kumar Jatia, accused in several cases of fraud, started the process of bankruptcy of his company Leading Hotel Limited by resorting to legal tricks. So that the pressure of creditors and legal screws can be weakened. In the case filed in the High Court, it has also been alleged that the operation of the company operating Hyatt Regency is also with a foreign company.