Bombay High Court Rejects Bail for Developer Accused in Rs. 90 Lakh Scam
The Bombay High Court has denied bail to a developer accused of cheating and dishonest conduct in a Rs. 90 lakh scam. The court rejected the developer's plea for pre-arrest bail, citing the potential for tampering with evidence and the severity of the all
Bombay HcPrearrest BailRajesh JainRs 90 LakhCheating CaseReal Estate MumbaiSep 03, 2024
According to reports, Jain was accused of cheating several individuals out of Rs. 90 lakh by promising them returns on investments that never materialized. The victims had approached the police, who had filed a cheating case against Jain.
The court's decision was seen as a victory for the victims, who had been seeking justice for months. The case highlights the need for stricter regulations in the real estate sector to prevent such scams from occurring in the future.
In a related development, the 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. The event is expected to bring together industry leaders, innovators, and key stakeholders to engage in insightful discussions and set the tone for what promises to be a landmark event in India's road and highway infrastructure sector.
Next Story RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
Next Story Air taxis set to transform urban travel and dominate the skies soonConstruction World is a leading online publication that provides news, analysis, and insights on the construction and infrastructure sectors in India.
Frequently Asked Questions
What is the amount involved in the scam?
The scam involves an amount of Rs. 90 lakh.
Who is the accused developer?
The accused developer is Rajesh Jain.
What is the status of the bail plea?
The bail plea has been rejected by the Bombay High Court.
What is the significance of the RAHSTA Expo?
The RAHSTA Expo is a landmark event in India's road and highway infrastructure sector that brings together industry leaders, innovators, and key stakeholders.
What is the expected impact of air taxis on urban travel?
Air taxis are expected to transform urban travel and dominate the skies soon.
Related News Articles
India's Next Boomtowns: 17 Cities Primed for Rapid Real Estate Development
Ayodhya, Varanasi, Puri, and 14 other cities are set to witness significant real estate growth driven by spiritual tourism, infrastructure projects, and digitization.
Mahindra Lifespace Secures Two Lucrative Deals Worth ₹2050 Cr, Shares Surge 6%
Mahindra Lifespace Developers Ltd has secured two deals worth ₹2050 crore, bolstering its presence in high-potential markets and underscoring its commitment to delivering quality living spaces.
Godrej Properties Seeks Rs 6000 Crore through QIP to Bolster Real Estate Ventures
Mumbai-based real estate major, Godrej Properties Limited (GPL), is seeking to raise Rs 6000 crore through a Qualified Institutional Placement (QIP) to fund its upcoming projects and strengthen its financial position.
CREDAI-MCHI and MAHAPREIT Collaborate on Air Emissions Assessment and Roadmap Development in Mumbai
Mumbai (Maharashtra), December 21: CREDAI-MCHI, the leading organization representing the real estate industry in the Mumbai Metropolitan Region (MMR), has signed a Memorandum of Understanding (MoU) with MAHAPREIT to assess air emissions and develop a com
M3M India Set to Repay Rs 1300 Crore Indiabulls Loan for Panipat Project
M3M India is poised to repay a substantial Rs 1300 crore loan to Indiabulls, making the Group debt-free and significantly boosting investor confidence in the real estate sector.
MHADA to Redevelop Bandra Reclamation and Adarsh Nagar Clusters: A Transformative Project
The Maharashtra state cabinet has approved a proposal to redevelop the Bandra Reclamation and Adarsh Nagar clusters, spearheaded by MHADA. This move aims to modernize infrastructure and improve living conditions in these areas.