Mumbai Real Estate Mogul Arrested for Rs 67.50 Crore Fraud Case
Ramesh Gowani, owner of Kamala Mills, arrested by Mumbai Police's Economic Offences Wing (EOW) for allegedly cheating a complainant of Rs 67.50 crore
Real EstateFraud CaseMumbai PoliceEconomic Offences WingKamala MillsReal EstateJul 09, 2024
The Case Against Gowani
According to the police, Gowani 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.
Consequences
Gowani was summoned for questioning at the EOW office on Tuesday, where he was arrested for his alleged involvement in the cheating case. A case has been registered against him under sections 409 (criminal breach of trust), 420 (Cheating and dishonestly inducing delivery of property), and 34 of the Indian Penal Code.
Past Controversies
Notably, Gowani was previously arrested in connection with a massive blaze that swept through two roof-top pubs in Kamala Mills compound in central Mumbai on December 29, 2017, killing 14 people.
The Mumbai Police's Economic Offences Wing (EOW) is a specialized agency that deals with cases of economic offenses, including fraud, cheating, and other white-collar crimes. The EOW is responsible for investigating and prosecuting cases that involve large-scale financial transactions and economic irregularities.
Frequently Asked Questions
Who is Ramesh Gowani?
Ramesh Gowani is a real estate developer and owner of Kamala Mills, a prominent property in Mumbai.
What is the fraud case against Ramesh Gowani?
Gowani has been arrested for allegedly cheating a complainant of Rs 67.50 crore in connection with a project in the Khardanda area of Mumbai.
What is the Mumbai Police's Economic Offences Wing (EOW)?
The EOW is a specialized agency that deals with cases of economic offenses, including fraud, cheating, and other white-collar crimes.
What is the Kamala Mills compound?
The Kamala Mills compound is a property in central Mumbai that was the site of a massive blaze on December 29, 2017, killing 14 people.
Has Ramesh Gowani been arrested before?
Yes, Gowani was previously arrested in connection with the Kamala Mills fire incident in 2017.
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