How to stop Regal cinema from closing
The Regal Cinema has been forced to close after its owner, Vistapris, was found guilty of fraud in a $8.5 million scam.
The company, which has operated in the city for over 70 years, has not responded to repeated requests from The Times for an interview.
The investigation began when the Delhi Police’s cyber crime branch raided a luxury apartment in Kala Nagar area on March 24, 2017.
It turned out that the company was using the address of an office building in the area as its address.
The unit was rented out for around Rs.3.5 crore.
Regal told the police that the office had been rented to its employees for about six months, but they had not been paying rent.
In the meantime, they were using the same address as the apartment, the police claim.
The police found that a fake number and the address were registered with Regal.
“The police had a number plate, but no name,” said Praveen Kumar, a member of the Cyber Crime branch.
“We found the address from the fake number, but the company did not have any registered office.”
According to the police, the company’s address was a fake one.
The police were told that Regal had issued fake documents and certificates in order to make it appear that the building had been registered as a hotel.
They then proceeded to inspect the premises.
The company, however, told them that the premises were not rented and that its employees were not there, said an officer of the cyber crime unit.
Regals director, Rajeev Sharma, told The Times that his company has been in the business for over 60 years and the scam did not take place.
“I don’t know the reason why they had to shut down,” said Sharma.
The investigating officer, Ravi Bhat, said that the case was registered under Sections 120 (cheating), 125 (abusing person with intent to defraud), 150 (abduction of money, goods, services) and 150 (intentional wrongful dealing) of the Indian Penal Code.
The Regal company has not given a response to the allegations made by the investigating officer.