Mumbai: The Malad police have registered a case of cheating against directors/partners of Sagar Developers, Suresh Turakhia and his son Karan Turakhia, for allegedly duping an 81-year-old builder of Rs.8.12 crore in a fraudulent flat deal.
According to the complaint filed by Kishore Bhaichand Shah (81), a builder from Evershine Nagar, Malad (W), the accused had promised to sell him Flat No. 1102, A-Wing in their Andheri West project “Itus”. Between 2014 and April 2017, Shah paid Rs.1.31 crore towards the purchase. However, no sale agreement was ever executed.
When Shah demanded his investment back with the agreed 21% annual interest, the accused initially returned Rs.50 lakh, but failed to repay the remaining Rs.81.2 lakh. Instead, the accused allegedly sold the same flat to another buyer, cheating the complainant.
Mumbai Rains: Train Services On Main Line, Harbour Line & Trans Harbour Running Slightly Behind Schedule, Says Central RailwayFollowing Shah’s complaint, the Malad police registered an FIR against the Turakhias under cheating provisions.
You may also like
TVK's 2nd state conference in TN's Madurai today, Vijay set to give political message
Four children drown in water-filled pit in Maharashtra
'Handwriting a lost art'? Zoho's Rs 50,000 cr man's fear sparks fiery internet debate
Hurricane Erin nears US East coast: North Carolina's outer banks hit; NHC warns of 'life-threatening surf and currents'
The pretty Scottish village where Donald Trump's mother was born and locals 'despise' him
