Jeevesh Sabharwal Criminal of Indian Real Estate- Biggest Fraud

THE BIGGEST FRAUD IN THE REAL ESTATE INDUSTRY OF INDIA.......SHOULD BE SENT BEHIND THE BARS AS SOON AS POSSIBLE..... Allegations of misconduct and collusion against an arbitrator — a retired judge — came to the fore before the Delhi High Court which set aside his interim award on a dispute between a real estate firm and its estranged NRI director. Justice Navin Chawla also replaced the arbitrator, a retired judge of the Delhi High Court, with a judge who superannuated from the Supreme Court to decide the dispute involving Rs 37 crore between a real estate firm Concept Horizon Infra Pvt Ltd and NRI director Suninder Sandha. The dispute between the two parties arose out of a Memorandum of Understanding (MoU), entered between Sandha and other directors Jeevesh Sabharwal and Naresh Sabharwal, according to which the realtor had to pay Rs 37 crore to the NRI on his exit from the company. The first arbitrator was also appointed by the High Court but after the award was passed, allegations of misconduct and collusion allegedly surfaced against him.

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