Mumbai developer held for duping buyers of Rs five.five crore

Mumbai developer held for duping buyers of Rs five.five crore 1

NAVI MUMBAI: Vashi Police  My Update System arrested a builder, Shirish Kumar Chauhan, and his enterprise companions, at the run for a month. The Bombay Excessive Court rejected their anticipatory bail pleas in a cheating case registered in opposition to them for duping 133 home shoppers of Rs five.50 crore.
In step with Vashi police, Chauhan and his two aides allegedly prevalent booking quantities from 133 home customers for his proposed residential projects in Panvel and Kalamboli. He allegedly standard the amounts from 2012 till 2016 however by no means started creation. The accused even offered the equal flat to two-3 human beings, investing the cash some other place.

In 2012, a complaint changed into lodged towards the three developers via Byculla resident Ramchandra Jagdale (53). Vashi police registered a FIR beneath sections 420, 406, 465, 467, 471 and 34 of the IPC along side Maharashtra Ownership Flat (Regulation and Promotion of construction, Sale, Control and Transfer) Act, 1963 below sections three, 6, 8 and 13. Chavhan, in anticipatory bail packages inside the Thane periods Courtroom and later in the HC, sought a while to pay off shoppers and traders in his initiatives. however, he neither refunded their money nor did he supply ownership of the apartments. Consequently, the HC rejected his anticipatory bail submitted on November 28. When you consider that then Chavhan saved changing his places to stay away from arrest.


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After a month-lengthy manhunt, law enforcement officials obtained a tip off on December 14, that Chavan will visit Kharghar, and nabbed him. Chavhan found out the names and hideouts of his two partners, who had been arrested from Kolhapur. They have been recognized as Santosh Tambe and Deepak Tambe My Amend.

Senior inspector Ajay Kumar Lange stated, “The Thane Client Grievances Redressal Discussion board issued 8 non-bailable warrants in opposition to the key accused, Shirish Kumar Chauhan. In one case, the Patron Disputes Redressal Discussion board convicted him and levied a penalty of Rs 10,000 and three years’ imprisonment. Comparable offenses are registered in opposition to Chavan at Kalamboli and Panvel police stations.”

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