The Mumbai police arrested four people from Shirdi on Saturday night for cheating 37 people of Rs 6.3 crore on the pretext of providing them flats at cheaper rates. Most of the transactions had taken place between years 2009 and 2016.
According to the police, the arrested accused have been identified as Devdas Rao, 71, Tajaswi Rao, 27, Nandita Rao, 31 and Bhavna Menon, 30. Another person is still wanted in the case.
Park Site police sources said in March they received a number of complaints from people who had invested money for the apartments but did not get anything in return. Following this, on March 6, the cops registered an FIR in the case under sections 420, 406 and 34 of IPC and relevant sections of the Maharashtra Ownership Flats Act.
Speaking on condition of anonymity, a police officer said, "The arrested accused had told the victims that they were carrying out a redevelopment project at Powai, Ghatkopar, Chembur and Mulund areas. They had even promised the victims flats at rates much lower than the market value."
"People got to know about the project through advertisements put up by the accused in newspapers and approached them. They have been cheated of more than Rs 6.30 crore," he added.
One of the victims in the case, Swati Thorat, who stays in Thane, had given Rs 13 lakh to the accused for a flat. Police sources said victims have lost anything between Rs 4 lakh and Rs 80 lakh. However, following their arrest on Saturday, the accused were produced before a court, where they were remanded to police custody till October 17.
Also Read:&nbsp;<a title="Mumbai Crime: Gang of six including a Kenyan that cloned bank cards arrested" href="https://www.mid-day.com/articles/mumbai-crime-gang-of-six-including-a-kenyan-that-cloned-bank-cards-arrested/19889176" target="_blank">Mumbai Crime: Gang of six including a Kenyan that cloned bank cards arrested</a>
Catch up on all the latest <a title="Mumbai News" href="https://www.mid-day.com/news/mumbai">Mumbai news, crime news,</a> current affairs, and also a <a title="Mumbai Guide" href="https://www.mid-day.com/news/mumbai" target="_blank">complete guide on Mumbai</a> from food to things to do and events across the city here. Also download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get latest updates

mid-day campaign: How pedestrians can reclaim their footpaths in Mumbai

The arrested accused had told the victims that they were carrying out a redevelopment project at Powai, Ghatkopar, Chembur and Mulund areas. 

Four nabbed for cheating 37 people of Rs 6.3 crore

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Mumbai / Mumbai News / Article / Four nabbed for cheating 37 people of Rs 6.3 crore

Four nabbed for cheating 37 people of Rs 6.3 crore

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast