Mumbai builder arrested for duping man of Rs5.83 crore
Mumbai city news: The accused was arrested on Saturday and remanded in police custody till Friday, when he will be produced before a magistrate courtmumbai Updated: Jun 22, 2017 22:24 IST
Mumbai: The housing unit of the Economic Offences Wing (EOW) recently arrested a builder who allegedly violated multiple sections of the Maharashtra Ownership Flat Act (MOFA) and duped the complainant of Rs5.83 crore.
The accused was arrested on Saturday and remanded in police custody till Friday, when he will be produced before a magistrate court.
According to the EOW, Deepak Pawar, 46, was arrested after a sessions court, the high court and the Supreme Court rejected his anticipatory bail plea.
According to the complainant, Rajinderkumar Rishi, Pawar had asked him to invest money in a housing project in Malad and Mahim in 2011. Rishi paid him Rs5.83 crore over time. However, the project remained incomplete and he realised that something was wrong.
Rishi found out he had been cheated after Pawar failed to return the principal amount. Last year, Rishi approached the EOW with a written complaint. After preliminary inquiry, the EOW lodged an FIR against Pawar.
The EOW found that Pawar had not invested the money he took from Rishi and his bank transactions showed the money being invested for personal gains.
Pawar also transferred the rights for the housing project to another builder. Further investigation revealed that Pawar had also duped other investors . He had allegedly sold one flat to two different people. “He did not even have the commencement certificate required to build flats but took money from people,” said an official.