SG Grand Society Audit Sparks Major Row in Rajnagar Extension; Deputy Registrar Issues Final Notice
Rajnagar Extension, Ghaziabad : The simmering controversy over alleged financial irregularities in SG Grand Society, Rajnagar Extension, has now escalated into a full-blown legal matter. The Deputy Registrar (DR) has issued a final audit notice to the former Apartment Owners Association (AOA), warning that failure to provide a satisfactory reply within the stipulated time could invite direct legal action.
The audit order comes in the backdrop of long-standing complaints by residents who claim that funds collected during the society’s handover from the builder were mismanaged. While the matter remains under official scrutiny, the notice signals the seriousness with which authorities are now treating the allegations.
Questions Over Handover Funds
At the heart of the dispute lies the handover process. Residents allege that during this period, crores of rupees collected under heads like IFMS (Interest Free Maintenance Security), common area electricity, sinking fund, and visitor parking were neither properly accounted for nor transparently disclosed. Document checks reportedly revealed inconsistencies, prompting the Deputy Registrar to seek clarifications.
FD Withdrawals and Membership Fees Under Cloud
One of the most contentious claims is that a fixed deposit of ₹75 lakh was broken without prior intimation, with residents alleging that ₹25 lakh remains untraceable. It is further alleged that cheques were issued even after the term of the former AOA had ended, and while some residents received refunds of their IFMS contributions, others are still waiting. Over 550 residents reportedly paid membership fees, yet auditors noted discrepancies in what was actually reflected in official accounts.
Former Office Bearers Face Tough Questions
The audit notice has put the spotlight on several former office bearers, including ex-president Vinay Kumar Gill, ex-secretary Prem Kumar Singh, and ex-treasurer Vikas Chandra Rai. Residents allege that during their tenure, large sums of money went missing. Adding fuel to suspicion are the personal moves of some office bearers: one reportedly sold his flat and shifted out soon after the handover, while another relocated to Bihar.
It is important to note that these remain allegations under investigation; the final audit process and any subsequent judicial proceedings will determine accountability.
Residents Express Anger
Residents say they feel cheated. “We expected development and better management after the handover from the builder. Instead, we got incomplete facilities, parking chaos, lift issues, and unanswered questions about funds,” one resident told Local Post, requesting anonymity. Many believe that collusion between the builder and the previous AOA office bearers cannot be ruled out, though authorities have yet to establish this claim.
Legal Pressure Mounts
The Deputy Registrar’s final notice is being seen as a decisive legal step rather than a procedural formality. The warning is clear: any false or incomplete responses will trigger direct legal action. Legal experts suggest that the matter could soon move into the domain of police or court proceedings if explanations remain unsatisfactory.
Wider Impact on Housing Societies
The controversy is not limited to SG Grand. Sources confirmed that another prominent society in Rajnagar Extension is also grappling with internal disputes within its AOA. One faction has already approached the Deputy Registrar, underlining how governance of housing societies across the region is under stress.
This widening scrutiny is raising broader questions about the accountability of AOAs and the safeguards available to residents who entrust their hard-earned money to these bodies.
For now, all eyes are on the response of the former SG Grand office bearers and whether the Deputy Registrar’s audit process will bring clarity to one of the most high-profile housing disputes in Ghaziabad.
