Mumbai Court Orders Judicial Custody for 5 Real Estate Developers in Fraud Case
A Mumbai court has sent five real estate developers to judicial custody until July 1 for allegedly defrauding a 64-year-old widow of ₹1 crore.
Real EstateMumbaiFraudJudicial CustodyDevelopersReal Estate NewsJun 28, 2024
The complainant, Meena Tarwani, had purchased a flat in a project by Suchit Developers in December 2005 for ₹97.1 lakh, of which she paid ₹85 lakh. Despite paying an additional ₹15 lakh in 2015, Tarwani did not receive possession of the flat. Her lawyer, Ghanshaym Upadhyay, alleged that the developers had cheated Tarwani and that the investigation officer (IO) was acting in collusion with the accused.
Upadhyay claimed that the IO, Sudarshan Gaikwad, was even absent in the court, which made it clear that he had been acting in collusion with the accused. As a result, the police custody was not demanded to facilitate the grant of bail. Upadhyay stated that this was a serious matter and that his client had been cheated by the developers.
Tarwani had initially approached the Bandra police, who classified the matter as a civil dispute and refused to register an FIR. However, following the intervention of the Bombay High Court, the police were directed to act, and an FIR was filed under the Maharashtra Protection of Interest of Depositors Act.
The accused were finally arrested on June 24 and sent to police custody until June 28. However, the court has now remanded them to judicial custody until July 1. Upadhyay has alleged that the IO's actions were suspicious and that a complaint would be filed against the erring police personnel.
Information
Suchit Developers is a real estate development company based in Mumbai. The company has been involved in several projects in the city and has a reputation for delivering quality homes to its customers. However, this incident has brought a stain to the company's reputation and raised questions about its business practices.
The Bombay High Court is the highest court in the state of Maharashtra and has jurisdiction over the city of Mumbai. The court has been instrumental in providing justice to citizens and has been involved in several landmark cases in the past.
Keywords real estate, Mumbai, fraud, judicial custody, developers
Frequently Asked Questions
How much money did Meena Tarwani pay for the flat?
Meena Tarwani paid ₹85 lakh for the flat initially and an additional ₹15 lakh in 2015.
Why did the police initially refuse to register an FIR?
The police initially classified the matter as a civil dispute and refused to register an FIR.
What is the Maharashtra Protection of Interest of Depositors Act?
The Maharashtra Protection of Interest of Depositors Act is a law that protects the interests of depositors in the state of Maharashtra.
Who is the investigation officer (IO) in this case?
The investigation officer (IO) in this case is Sudarshan Gaikwad.
What is the current status of the accused?
The accused have been sent to judicial custody until July 1.
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