The police have booked the directors of real estate firm HDIL and Guru Ashish Construction Company on the charge of cheating 465 home seekers and tenants. The case has been transferred to the Economic Offence Wing of the Mumbai police.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Accused Sarang Wadhawan, Rakesh Wadhawan and other directors of HDIL and Guruashish Construction have been accused of not constructing any building after acquiring the Patra Chawl in Goregaon for redevelopment.

"I have not received anything from the police yet and have no information about it. I will check it," Sunny Wadhawan, one of the directors of HIDL, told DNA.

According to the police, the accused started a housing project called 'The Meadows' in Goregaon (W) in June 2010. The police said they took the booking amount from homebuyers and promised to deliver the flats. However, they allegedly failed to give the possession of the flats. The tenants of the chawl were also allegedly denied rent for their accommodation.

Watch this Zee Business video here:

"We have registered a case with regard to the Meadows project after the accused did not give possession of the flats. They did not even complete the construction of the buildings," said Parag Manere, deputy commissioner of police of the Economic Offence Wing.

The accused have been booked under the Indian Penal Code for cheating, criminal breach of trust and criminal conspiracy along with sections of the Maharashtra Ownership Flat Act.

Source: DNA India