Police Sent Ex Owner Of Sitara Hotel To Jail In Case Of Fraud In Agra

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Police Sent Ex Owner Of Sitara Hotel To Jail In Case Of Fraud In Agra



Police sent the former owner of the hotel to jail
– Photo: Amar Ujala

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Agra’s Lohamandi police station has arrested Krishan Kumar Sharma, former owner of Wyndham Grand Hotel, in a bank fraud case and sent him to jail. It is alleged that he took a loan of Rs 25.50 crore by mortgaging 24 properties in the name of his firm. After this the loan was not repaid. Sold four of the mortgaged properties for 80 lakhs. The police was searching for the accused. He was caught from Greater Noida.

Inspector-in-charge Triloki Singh said that Brijendra Pratap Singh, the then senior manager of Punjab National Bank, had filed a case of fraud. In this, four including Chandrashekhar Sharma, Naresh and Krishna Kumar Sharma, manager of M/s Shekhar Resorts Company located in Chittaranjan Park, New Delhi, were named.

The three accused are manager brothers. It alleged that in the year 2008, the company had taken a loan of Rs 25.50 crore from the branch of Oriental Bank of Commerce located at Lohamandi for hotel business. In the year 2020, this bank merged with Punjab National Bank. For this, the bank had mortgaged the papers of 24 properties from the company. The company did not repay the bank loan in time.

Case was filed in the year 2021

According to the police, in the year 2013, Krishna Kumar Sharma gave a complaint in the police station Tajganj. Told that the registry of his four properties has been lost. After this, in February 2014, the property deal was done for Rs 80 lakh. The buyer also bought the property without any deed papers. The bank came to know about this. In the case, in the year 2021, a case was filed against the buyer including the proprietor of the company.

In the investigation, it was found that Chandrashekhar got a stay on his arrest from the High Court. Krishna Kumar Sharma was absconding. At the same time, his brother Naresh did not have the right to sell the property of the company. Evidence is being compiled against the buyer. Police had received information that accused Krishna Kumar is in NRI City, Greater Noida. The police raided on this. The accused was arrested. The accused has been sent to jail.

closed hotel

According to the inspector in-charge, it has been told that the accused used to have Wyndham Grand Hotel. It was closed now. He could not run the hotel. The bank has taken possession of it. The hotel was counted among the star hotels. Krishna Kumar Sharma is said to be basically a resident of Bulandshahr.

Detailed

Agra’s Lohamandi police station has arrested Krishan Kumar Sharma, former owner of Wyndham Grand Hotel, in a bank fraud case and sent him to jail. It is alleged that he took a loan of Rs 25.50 crore by mortgaging 24 properties in the name of his firm. After this the loan was not repaid. Sold four of the mortgaged properties for 80 lakhs. The police was searching for the accused. He was caught from Greater Noida.

Inspector-in-charge Triloki Singh said that Brijendra Pratap Singh, the then senior manager of Punjab National Bank, had filed a case of fraud. In this, four including Chandrashekhar Sharma, Naresh and Krishna Kumar Sharma, manager of M/s Shekhar Resorts Company located in Chittaranjan Park, New Delhi, were named.

The three accused are manager brothers. It alleged that in the year 2008, the company had taken a loan of Rs 25.50 crore from the branch of Oriental Bank of Commerce located at Lohamandi for hotel business. In the year 2020, this bank merged with Punjab National Bank. For this, the papers of 24 properties from the company were mortgaged by the bank. The company did not repay the bank loan in time.





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