EoW chargesheets builder Raheja,two sons

Mumbai police has filed a chargesheet in the sessions court,naming developer Chandru Raheja and his sons.

Written by Express News Service
Mumbai | October 27, 2013 01:47 AM IST

1 min read

The Economic Offences Wing (EoW) of the Mumbai police has filed a chargesheet in the sessions court,naming developer Chandru Raheja and his sons Neel and Ravi for allegedly cheating a Nusli Wadia-run estate of Rs 6.8 crore.

A complaint was lodged by Wadia in 2008,after the Rahejas constructed a mall in Malad (West) on a plot measuring 1.70 lakh sq feet which the estate had handed over to them in 1995 for development.

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As per the development agreement,Chandru Rahejas company Ivory Properties and Hotels was to construct a building Ivory Towers and hand over 12 per cent of the sales proceeds to Wadia,the administrator of the Estate and Effects of the late Eduljee F Dinshaw.

As per the chargesheet,the Rahejas did not construct the tower and in 2005-06,built Hypercity Mall on the plot concerned.

mumbai.newsline@expressindia.com