A magisterial court here on Saturday extended the police custody remand of two directors of a construction firm in a case of defrauding prospective home buyers.
The accused, Jayant Chandrakant Waydande and Yogesh Vasant Shelar, had made false and misleading claims about development of residential schemes at locations on the eastern outskirts of the city. Waydande and Shelar, directors of WS Developers, were arrested on May 9 by the Swargate police after one of the buyers lodged a complaint alleging cheating and fraud by the firm.
In March 2012, the complainant, Vilas D Ghadge, who lives in Kothrud, had booked a 740 sqft 2BHK flat in Shrushti Orbit scheme proposed by the firm at village Kolewadi off Pune-Ahmednagar Road in Haveli taluka. The firm promised delivery of possession of the flat by 2015 but construction work at the site never took off. Inquiries by Ghadge at the talathi and sub-registrar's office revealed that the land where the scheme was proposed to come up did not belong to the firm.
The court on May 10 had ordered Waydande and Shelar's remand in police custody for four days to facilitate further probe. On Saturday, the Swargate police produced the accused before first class judicial magistrate Sheetal Bangad and sought their further remand in police custody as more than 250 complaints of similar nature were received against them. Lawyer Nilesh Bhandari, who is representing Ghadge, told TOI, "The firm has floated other schemes at different locations including Wagholi, Wade Bolhai and Ranjangaon."
Lawyer Suchit Mundadha, who appeared for the two accused, submitted that the police have already recorded statements of the owners of the land where scheme was proposed. He submitted that the firm had taken the land from these owners and planned to develop the scheme. The process was securing various permissions was also on. If anything, it was a case of delay in delivery of possession, he argued.
Also read Fresh fraud case filed against two builders - WS Developers
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