Audit reveals Rs 3.5 crore fraud by Suncity

GURUGRAM: The particular audit file on price range accrued through the builder from the citizens of Suncity in Sector 54 has printed gross monetary irregularities that cross as much as Rs 3.five crore.
The audit file of the dep. of town and nation planning (DTCP) says that the interest-free upkeep security (IFMS) quantity was once accrued through the coloniser and not through the upkeep company, and was once spent for personal use, as an alternative of providing value-added services inside the society.

The chartered accountant appointed to prepare the audit, P Okay Bhasin, has mentioned in his file that the coloniser accrued Rs 3.five crore from allotees in the title of upkeep and security. The file says that as an alternative of the separate upkeep firm, Suncity Maintenance, the quantity was once accrued through the coloniser, Suncity Projects.

Also, as in step with norms, it should had been stored in mounted deposits, and the interest earned applied to create value-added services in the colony. Instead, the coloniser spent the quantity for personal use. Thus, not only had been norms not adopted, the quantity accrued did not earn interest both. The coloniser did not proportion details of the place the IFMS quantity was once stored with the auditors.

The auditor also mentioned that the quantity accrued through Suncity Maintenance Private Limited towards commonplace space upkeep (CAM) charges, was once achieved illegally. The expenditure incurred through the corporate was once not bifurcated beneath heads of IFMS and CAM, making it tricky to comment on genuineness of the CAM expenses raised through the corporate.

As in step with Haryana Development and Regulation of Urban Areas Act, the coloniser after procuring of completion certificates for a project, will have to perform free-of-cost upkeep for five years, earlier than handing over a colony to the municipal company. Till the time the coloniser gets of completion certificates for a project, all obligatory services are its responsibility. In Suncity’s case, the coloniser had applied for of completion certificates in December 2016, however is yet to get it.

TOI tried to reach out to the developer, but it surely didn’t elicit any response.

The DTCP director T L Satyaprakash mentioned that he has submitted the audit file, ready through an unbiased CA, to the dep., and that it's being studied. The division will take action in accordance with the file as in step with the Act, he added.

In July ultimate yr, Suncity Residents Welfare Association (SRWA) had alleged that the developer had all of sudden stopped providing value-added services, whilst continuing to levy CAM charges. Based on their complaint, the district town planner had directed DTCP to have an external auditor perform an audit of CAM charges.

Audit reveals Rs 3.5 crore fraud by Suncity Audit reveals Rs 3.5 crore fraud by Suncity Reviewed by kailash soni on February 27, 2018 Rating: 5
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