DS Kulkarni’s land, property and vehicles attached by Maharashtra government
The attached assets include land, bank accounts and vehicles registered in the name of the couple, their son Shirish Kulkarni, their companies and people working with them.Updated: May 12, 2018 22:45 IST
The Maharashtra government on Saturday released a notification announcing the seizure of a number of immovable and movable properties of Deepak Sakharam Kulkarni (DSK), his wife Hemanti Sakharam Kulkarni, their family members and their firms.
The attached assets include land, bank accounts and vehicles registered in the name of the couple, their son Shirish Kulkarni, their companies and people working with them. "The state government is satisfied that the said persons are not likely to return the deposits and hence, the government has to protect the interest of the depositors," reads the notification issued in the name of governor of Maharashtra by Yuvraj B Ajetrao, deputy secretary to government.
Kulkarni and his wife are accused of duping over 2,500 investors over several years.
The notification lists 276 bank accounts, 46 two and four-wheeler vehicles and 124 parcels of land. The collective amount in the 276 bank accounts was found to be ₹12,09,34,715.5. While most of the accounts are in Bank of Maharashtra, Pune and Mumbai, other banks include HDFC Bank, Bank of Baroda and Syndicate Bank.
Of the properties attached, 107 are from Phursungi area near Hadapsar (Pune); five are from Miraj; four in Ratnagiri; two in Purandar; three in Perne; two in Baner and one in Mahabaleshwar. Of the 107 in Phursungi, 11 are in the name of Deepak Kulkarni’s son, Shirish Kulkarni. The attached properties in Miraj, Ratnagiri and Purandar are also in the name of Shirish while the one in Mahabaleshwar is in the name of DS Kulkarni and company.
Among the holders of bank accounts are various companies from the Pune-based builder's empire. The companies include DS Kulkarni Developers Limited, DS Kulkarni and Associates, DS Kulkarni and company, DSK Southern Projects Private Limited, DSK Worldman Project, DS Kulkarni Foundation Comnet among others.
Among the vehicles attached are four BMW cars, a Porsche, an Audi, 10 Toyota Innovas, among others and six two-wheelers. The vehicles belong to the couple, their daughter, a few relatives and DSK Motors Private Limited.
The properties, bank accounts and vehicles were attached by the state government. The attachment was made as per the provisions in Sections 4, 5 and 8 of Maharashtra Protection of Interest of Depositors (MPID) (in Financial Establishment) Act.
A sub-divisional office from Maval-Mulshi region of Pune will be incharge of the properties. A case under Sections 406, 409, 420, 120(b), 34 of the Indian Penal Code (IPC) and Sections 3, 4 of MPID Act and Prize Cheats and Money Circulation Schemes (Banning) Act was registered at the Shivajinagar police station in Pune against the couple. Another case was registered against them under Sections 406, 420 and 34 of IPC, Sections 3 and 4 of MPID at Rajarampur police station in Kolhapur. Yet another case under Sections 406, 409, 420 and 34 of IPC and Sections 3 and 4 of MPID was registered against them at the Shivaji park police station in Mumbai.
First Published: May 12, 2018 22:10 IST