Real Estate Company Owner Arrested for ₹67.5 Crore Fraud in Mumbai
Ramesh Gowani, owner of Amikrupa Land Developers, arrested for cheating a businessman of ₹67.5 crore in a real estate deal
Real EstateFraudMumbaiAmikrupa Land DevelopersEconomic Offences WingReal Estate NewsJul 09, 2024
However, an investigation revealed that Gowani had sold seven flats to third parties and mortgaged two flats to a finance company. The police have filed an FIR against Gowani and his wife, Nidharshana, for cheating and misappropriation of funds. Gowani will be produced in court on Wednesday. This incident highlights the importance of due diligence and careful planning in real estate transactions to avoid fraudulent activities.
Information Amikrupa Land Developers is a Mumbai-based real estate company that has been involved in several high-profile projects in the city. The company has a reputation for delivering quality projects, but this incident has raised questions about its business practices.
The Economic Offences Wing (EOW) is a specialized agency of the Mumbai police that deals with economic crimes, including fraud, cheating, and misappropriation of funds. The agency has been instrumental in cracking down on fraudulent activities in the city's real estate sector.
Frequently Asked Questions
Who is the owner of Amikrupa Land Developers?
Ramesh Gowani is the owner of Amikrupa Land Developers.
How much did the complainant sell the plot for?
The complainant sold the 2,204 square metre plot to Gowani for ₹67.5 crore.
What was promised to the complainant in return for the plot?
Gowani promised to pay ₹20 crore, 10 flats, and a shop to the complainant in return for the plot.
What did the police file against Gowani and his wife?
The police filed an FIR against Gowani and his wife, Nidharshana, for cheating and misappropriation of funds.
What is the Economic Offences Wing (EOW)?
The Economic Offences Wing (EOW) is a specialized agency of the Mumbai police that deals with economic crimes, including fraud, cheating, and misappropriation of funds.
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