Mumbai Police Arrests Kamala Mills Owner Ramesh Gowani in Rs 67.50 Crore Fraud Case
Kamala Mills owner and real estate developer Ramesh Gowani has been arrested by the Economic Offences Wing (EOW) of Mumbai Police in connection with a Rs 67.50 crore fraud case.
Real EstateFraud CaseKamala MillsRamesh GowaniMumbai PoliceReal Estate NewsJul 09, 2024
Gowani, who is also a director of a private land development company, allegedly purchased a project in the Khardanda area of Mumbai but failed to pay the consideration amount of Rs 67.50 crore to the complainant. Despite repeated demands for payment, Gowani ignored the requests, prompting the complainant to approach the EOW and lodge a complaint.
The EOW subsequently registered a case against Gowani under sections 409 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), and 34 of the Indian Penal Code. Gowani was summoned for questioning at the EOW office on Tuesday, where he was arrested for his alleged involvement in the cheating case.
This is not the first time Gowani has been in trouble with the law. In the past, he was arrested in connection with a massive blaze that swept through two rooftop pubs in the Kamala Mills compound in central Mumbai on December 29, 2017, killing 14 people.
The arrest of Gowani is a significant development in the case, and the EOW is likely to continue its investigation into the matter.
Information
The Economic Offences Wing (EOW) of Mumbai Police is a specialized agency responsible for investigating and prosecuting economic crimes in the city. The agency has been instrumental in cracking down on fraud and cheating cases in the real estate sector.
Kamala Mills is a prominent real estate development company based in Mumbai. The company has been involved in several high-profile projects in the city and has a reputation for delivering quality properties.
Frequently Asked Questions
Who is Ramesh Gowani?
Ramesh Gowani is the owner of Kamala Mills and a prominent real estate developer.
What is the amount of fraud allegedly committed by Ramesh Gowani?
Ramesh Gowani is accused of committing a fraud of Rs 67.50 crore.
What is the case registered against Ramesh Gowani?
A case has been registered against Ramesh Gowani under sections 409 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), and 34 of the Indian Penal Code.
Has Ramesh Gowani been in trouble with the law before?
Yes, Ramesh Gowani was arrested in connection with a massive blaze that swept through two rooftop pubs in the Kamala Mills compound in central Mumbai on December 29, 2017, killing 14 people.
What is the role of the Economic Offences Wing (EOW) of Mumbai Police?
The EOW is a specialized agency responsible for investigating and prosecuting economic crimes in Mumbai.
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr