Besides, cheating, D S Kulkarni and his wife have also been booked for criminal breach of trust
The Pune police registered a cheating case against city-based developer D S Kulkarni and his wife based on a complaint of a senior citizen who failed to get back his investment from the real-estate group. Besides, cheating, D S Kulkarni, popularly known as DSK and his wife have also been booked for criminal breach of trust, said police. There are around 8,000 depositors who have reportedly invested around Rs 485 crore with D S Kulkarni's group but due to a financial crisis, the investors have failed to get their money back from the developer.
For the last several months, all these investors, largely pensioners, have been queuing up at DSK's office here in Pune. As many as 170 depositors who have invested in the Fixed Deposit (FD) scheme of the DSK Group, had even approached the Pune police couple of months ago, demanding a cheating case be registered against the firm.
Despite repeated attempts, D S Kulkarni could not be reached for a comment. However, in a video, released by DSK himself earlier this year on social media, the real estate DSK Developer had replied to all allegations and queries of deposit holders and investors. "People have been investing with the group for the last 35 years and they were getting their returns on time. The firm started facing financial crunch from October 2016 as the real estate was going through a tough time and at the same time demonetisation exercise was announced, which added to cash crunch," Kulkarni had said in the video message.
To Know more about DSK Developers read following news:
- Bombay HC orders DSK to deposit 25% of dues with court's registry
- HC raps BMC for letting housing soc ‘take over’ South Bombay open space
- THREE TOP BUILDERS’ ASSETS, LIABILITIES TO BE PROBED BY STATE
- About 3,000 DSK investors lodge complaints with EOW
- ‘BHAGTANIS MUST FACE CONSEQUENCES FOR DUPING HOME BUYERS’
- About 3,000 DSK investors lodge complaints with EOW
- Bombay HC asks DSK Builders to spell out repayment plan
Join Largest Group of Whats App Real Estate Buyers at Best Real Estate Review Website
No comments:
Post a Comment