Real Estate Fraud in Mumbai: 5 Developers Remanded to Judicial Custody
A Mumbai court has sent five real estate developers to judicial custody for allegedly defrauding a 64-year-old widow of ₹1 crore.
Real EstateMumbaiFraudJudicial CustodyMaharashtraReal Estate MaharashtraJun 28, 2024
The accused developers, Lachman Sajnani, Anil Sajnani, Dilip Manghnani, Anant Rane, and Vikrant Vaidya, were arrested on June 24 and sent to police custody until June 28. The case pertains to a flat purchased by Meena Tarwani in 2005 in a project developed by Suchit Developers in Bandra West. Despite paying ₹97.1 lakh, Tarwani did not receive possession of the flat. She paid an additional ₹15 lakh in 2015, but still did not receive the flat.
The police initially refused to register an FIR, citing the matter as a civil dispute. However, Tarwani approached the Bombay High Court, which directed the police to act. Finally, an FIR was filed under the Maharashtra Protection of Interest of Depositors Act. The accused were arrested following the court's intervention.
The investigation officer, Sudarshan Gaikwad, has been accused of acting in collusion with the accused. Tarwani's lawyer, Ghanshaym Upadhyay, alleged that the IO was absent in the court, making it clear that he has been colluding with the accused. A complaint will be filed against the erring police personnel.
The case highlights the need for stricter regulations in the real estate sector to protect the interests of homebuyers. It also raises concerns about the collusion between law enforcement agencies and accused parties.
Maharashtra Protection of Interest of Depositors Act is a legislation aimed at protecting the interests of depositors in the state. The act provides for the regulation of deposits and the protection of depositors' interests.
Suchit Developers is a real estate development company based in Mumbai. The company has been accused of cheating several homebuyers in the past.
Frequently Asked Questions
Who are the accused developers in the case?
The accused developers are Lachman Sajnani, Anil Sajnani, Dilip Manghnani, Anant Rane, and Vikrant Vaidya.
What is the amount alleged to have been defrauded from the 64-year-old widow?
The amount alleged to have been defrauded is ₹1 crore.
What is the Maharashtra Protection of Interest of Depositors Act?
The Maharashtra Protection of Interest of Deposit ors Act is a legislation aimed at protecting the interests of depositors in the state.
Who is the investigation officer accused of colluding with the accused?
The investigation officer accused of colluding with the accused is Sudarshan Gaikwad.
What is the name of the real estate development company involved in the case?
The real estate development company involved in the case is Suchit Developers.
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