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Woman director of real estate firm sent to Tihar Jail

New Delhi: A woman director of a real estate firm arrested for allegedly duping over 300 investors of several crores of rupees after promising them flats at affordable rates was sent to Tihar Jail here on Tuesday under judicial custody.

Metropolitan Magistrate Meenu Kaushik remanded AJS Builders Limited director Madhu Singh, arrested on June 7, to judicial custody till July 4 after she was produced before the court at the expiry of her police custody. Madhu was arrested here on June 7 by the Economic Offence Wing of Delhi Police for allegedly collecting over Rs.700 crore from 1,500 investors in three projects promising them flats in a time-bound manner. Even after three years not even a single flat has been allotted to anyone. - PTI

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