The CBI has taken over a case of cheating and misappropriation of funds against former Rajya Sabha MP KD Singh from Uttar Pradesh Police following a reference from the State Government and further notification from the Centre for probe into the case by the Central agency.
The case was originally registered at Kotwali Kanpur Nagar police station in Kanpur as Crime No. 234/2019 on a complaint from one Pawan Mishra alleging cheating and misappropriation of funds invested by the complainant and other investors in Alchemist Infra Realty Ltd and Alchemist Township Ltd promoted by the former MP.
The investors were promised plots/villas/apartments against their investments. However, they were neither given the promised plots, flats, or villas. They were not even refunded the funds despite the plots or flats not being allotted to them.
Besides Singh, six directors of the two firms have also been booked in a case of cheating and criminal breach of trust.
The UP Government had requested a CBI probe through an order dated August 16, 2020. The Centre notified the probe by the CBI on April 1 this year following which the CBI re-registered the case on Friday.
