Mumbai Builder Arrested for Rs 67.50 Crore Fraud Against Businessman
Ramesh Gowani, owner of Kamla Mills compound, arrested for allegedly defrauding a Khar-based businessman of Rs 67.50 crore in a real estate deal gone sour.
MumbaiReal EstateFraudEowKamla MillsReal Estate MumbaiJul 09, 2024
The alleged fraud took place between September 2013 and February 2024. According to the police complaint, Gowani, who runs a real estate company called Amikrupa Land Developers, bought a 2,204 sq m plot in Santacruz (West) from the complainant, Surjeet Singh Arora, in 2013. As part of the deal, Gowani promised to give Rs 20 crore, 10 flats, and a shop to Arora in lieu of the land. However, Gowani's firm constructed a tower on the plot but failed to fulfill the promise, selling seven of the ten flats to third parties instead.
The police complaint alleges that Gowani's actions led to a loss of Rs 67.50 crore for Arora. After the complainant filed a complaint, the EOW carried out a preliminary inquiry and, finding material fit for a cognizable offence, registered a case against Gowani on Tuesday. Gowani has been charged with sections 420 (cheating), 406 (criminal breach of trust), and 409 (criminal breach of trust by a public servant, banker, merchant, or agent) of the Indian Penal Code.
This is not Gowani's first brush with the law. He was earlier arrested in January 2018 on charges of culpable homicide not amounting to murder in connection with the Kamla Mills compound fire incident, in which 14 people died. The EOW officer said that more accused would be arrested in the case as the investigation proceeds and their roles are established.
Information
Amikrupa Land Developers is a real estate company based in Mumbai, founded by Ramesh Gowani. The company has developed several residential and commercial projects in the city.
Mumbai Police's Economic Offences Wing (EOW) is a specialized wing that deals with economic offences such as fraud, cheating, and criminal breach of trust.
Frequently Asked Questions
Who was arrested by the Mumbai Police's EOW?
Ramesh Gowani, the owner of Kamla Mills compound, was arrested for allegedly defrauding a Khar-based businessman of Rs 67.50 crore.
What is the name of Gowani's real estate company?
Gowani's real estate company is called Amikrupa Land Developers.
What was the alleged fraud committed by Gowani?
Gowani allegedly failed to fulfill his promise to give Rs 20 crore, 10 flats, and a shop to the complainant, Surjeet Singh Arora, and instead sold seven of the ten flats to third parties.
What are the charges against Gowani?
Gowani has been charged with sections 420 (cheating), 406 (criminal breach of trust), and 409 (criminal breach of trust by a public servant, banker, merchant, or agent) of the Indian Penal Code.
Was this Gowani's first arrest?
No, this was not Gowani's first arrest. He was earlier arrested in January 2018 on charges of culpable homicide not amounting to murder in connection with the Kamla Mills compound fire incident.
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