Cheating complaint filed against Shukan Group

Shukan Group faces another complaint

One more complaint of cheating was filed against the Shukan Group of builders on Friday. A private investment firm has accused the promoters of not paying back Rs 11 crore of a Rs 20 crore loan. It is the fifth police complaint against the builders.

The complaint has been filed Mukesh Jain, a resident of Satellite, with Navrangpura police. Jain has said in his complaint that Ramesh Patel, Bhanu Patel, Mahesh Patel and Veena Patel, all residents of Shukan Palace on Science City Road, had taken a Rs 20 crore loan from his firm in September last year and had promised to pay it back in instalments. They had even mortgaged the Shukan Palace scheme against the loan.

Navrangpura police inspector R V Desai said that the promoters of the scheme did not pay the amount as promised and later showed their inability to do so. "At the moment, we have Ramesh Patel in our custody for questioning in connection with a previous case. Now we will seek the remand for the new case," he said.

In August this year, a brokerage firm had lodged a complaint for cheating of Rs 2 crore. In the last four months, the group promoters have been named in complaints filed at Sola, Sardarnagar and Sabarmati police stations. The Shukan Group is also accused of fraud in a complaint with Gandhinagar police.

"The initial complaint was about the duplicate selling where the managers of the group sold the same property to multiple parties. In some of the cases, they have tampered with the official documents for the purpose. In preliminary investigation, the accused have stated that they could not recover their invested money from the market after which the financial system broke down," said an investigator.

Also read more complaints against Shukan Group:

• File Complaint against Builder in Ahmedabad - Sukun Builders For Fraud
• Probe into housing fraud in Ahmedabad may lead nowhere: Victims
• Finally all buyers of shukan group get justice
• Another cheating complaint filed against Shukan Group

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