Businessman defrauded of Rs 5cr by two developers
The police have registered a case of fraud and are further investigating the matter.
2 min read
As per the FIR, the building in which the complainant had a flat went for redevelopment. Santacruz police have booked two developers for allegedly duping a businessman of Rs 5 crore. The accused developers had taken possession of the complainant’s flat, promising him a new one after redevelopment, but they did not fulfill their promise, and defrauded him of Rs 5 crore.
The police have registered a case of fraud and are further investigating the matter.
Vinod Tejwani, 55, a businessman from Santacruz (West), has filed a police complaint against Mohan Madan and Sarabjit Singh Kheer.
As per the FIR, the building in which the complainant had a flat went for redevelopment. All flat owners were promised a new flat. Under this pretext the developers got possession of his flat but never delivered the promised flat to him, states the police complaint.
The accused kept the complainant in the dark, won his trust by allegedly showing him bogus documents. The complainant claimed that he did not get possession of the new flat, which caused a wrongful loss of Rs 5 crore, said a source.
All this occured between 2020 till date, police sources said.
The Santacruz police have booked the two accused under sections 406 (criminal breach of trust), 420 (cheating) and 120B (criminal conspiracy) of the Indian Penal Code.
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