Pune Property Fraud: BKC Police Book 4 Over Alleged ₹5.06-Crore Investor Cheating Case

Bandra Kurla Complex police have registered a case against four individuals, including representatives from Grand Maratha Construction and Kolte-Patil Developers, for allegedly defrauding two investors of Rs 5.06 crore in a residential project in Kalyani Nagar, Pune. The FIR was filed by Sumant Bhagwan Thakur, a businessman, based on allegations that the accused, Sanjay Kakade, Chandrakant Kanhaiya Boda, Ramesh Bhosale and Atul Bohra, associated with Grand Maratha Construction Private Limited, cheated the investors in January 2015.

The complainant alleged that he and his son, Avinash and Amit Gandhi, were promised two flats worth Rs 13.95 crore in the ninth floor project, each measuring 3,818.12 square feet. However, the complainant claimed that he paid Rs 5,06,56,000 into the accused's bank account, but the flats were never handed over. Additionally, the complainant alleged that the project was later converted to commercial use without his consent, and he did not receive any alternative property in the commercial development.

The accused are accused of failing to return the Rs 5.06 crore received from the investors, causing financial losses.