The Bombay High Court (HC) observed that Pune-based builder D S Kulkarni, who is facing cases for allegedly cheating investors, has failed to keep his promise to deposit Rs 50 crore
Representational Picture
The Bombay High Court (HC) observed that Pune-based builder D S Kulkarni, who is facing cases for allegedly cheating investors, has failed to keep his promise to deposit Rs 50 crore.
ADVERTISEMENT
Also read - Mumbai: Court orders builder to pay buyer Rs 8.5 lakh for duping him out of 10 sq ft
Kulkarni, a prominent builder, and his wife Hemanti were booked by the Pune Police last year for cheating 2,500 investors to the tune of Rs 230 crore. The couple approached the court seeking pre-arrest bail in December. The court granted them an interim protection from arrest after they assured they would deposit Rs 50 crore within a fortnight.
Kulkarni's lawyer Ashok Mundargi told the court a sum of Rs 12 crore has been arranged, and that Buldana Urban Multistate Co-operative Credit Society has agreed to loan them '100 crore within a week. To this, Justice Sadhana Jadhav said, "I was waiting for '50 crore to be deposited. I gave the applicants over three weeks’ time. Now I will not accept any more assurance."
Catch up on all the latest Mumbai, National and International news here
Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
