Real estate builder arrested for cheating flat buyers of Rs. 8 Crore

Real estate builder arrested for cheating flat buyers of Rs. 8 Crore

MUMBAI: The Economic Offences of Wing (EOW) of Mumbai police on Thursday arrested Millennium developers Mohankumar Suvarna for allegedly cheating flat buyers to the tune of Rs 7.6 crores.

Millennium developers director Suvarna (59) has been booked under various IPC sections of cheating, forgery, breach of trust and under the special Maharashtra Ownership Flat Act (MOFA).

Police said that Suvarna was produced before the Esplanade court which remanded him to police custody till March 29.

According to the EOW, the complaint in the case was filed by one Chandraprakash Shetty who was seeking to invest money in Suvarna’s project in Tilak Nagar in Chembur. Shetty who works with Bharat Petroleum was lured to invest his hard earned money by one Ahmed Khan, who introduced Shetty to Suvarna. Survarna’s company was redeveloping building no. 120 Radha-Madhav cooperative housing society in Tilak Nagar…..continue read

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