An FIR has been lodged against nine individuals, including IREO Group MD Lalit Goyal and Oberoi Realty MD Vikas Oberoi, for alleged cheating, criminal breach of trust, and forgery. This action follows a complaint by Advance India Projects Limited (AIPL), which accused IREO and Oberoi of defrauding investors and the AIPL Group in a real estate project. AIPL claims that IREO embezzled around ₹1,777 crore, including ₹400 crore from investors in the Grand Hyatt Residency Project. Despite ongoing litigation and efforts by AIPL to resolve issues, IREO allegedly conspired with Oberoi Realty, causing significant financial losses to AIPL.