Gurgaon police files FIR against PVR Cinemas for cheating, forgery; shares fall 1.5%

On the directions of a Gurgaon Civil Court, the Gurgaon Police has registered an FIR against PVR Cinemas, and its promoters and directors. It has done on charges of Cheating and forgery. Its promoters Ajay Bijli, Sanjeev Kumar Bijli, Niharika Bijli and either others booked under applicable sections of the IPC. They sold stocks at inflated value of Rs.820 crore illegally and caused huge loss to Gurgaon-based real estate companies. The case came into expose when Elan Group filed a compliant in the Gurgaon Civil Court.

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