Wadala Real Estate Fraud: Homebuyers Cheated of Rs 100 Crore
A real estate developer and others are accused of defrauding Mumbai homebuyers of Rs 100 crore. The funds, meant for the 'Sky 31' project, were allegedly diverted for personal use. The Economic Offences Wing has initiated a probe after the complaint by Anil Dron.
- Country:
- India
A real estate fraud case involving a massive Rs 100 crore has been registered against a developer and associates for allegedly deceiving homebuyers in Mumbai's Wadala area, officials revealed on Thursday.
The police's Economic Offences Wing (EOW) initiated the case following a detailed inquiry prompted by a complaint from Anil Dron, a veteran Chartered Accountant based in Kandivali, Mumbai.
The accused, including developer Subbaraman Anand Vilaynur and his wife Uma Subbaraman, are charged with collecting Rs 100 crore from over 100 individuals under the guise of the 'Sky 31' housing project. Allegations suggest they diverted the funds for personal gain instead of investing in the project.
Advertisement
ALSO READ
-
WYCE Exclusivity: Redefining Luxury Living in Pune's Real Estate Landscape
-
Political Tensions Flare: BJP Slams Rahul Gandhi's Voter Fraud Allegation
-
Anil Ambani Faces Fresh ED Summons in RCom Bank Fraud Case
-
Fadnavis Accuses Rahul Gandhi of Undermining Democracy Amid Voter Fraud Allegations
-
Anil Ambani Faces More Scrutiny in Bank Fraud Probe
Google News