Mumbai Crime: Kandivali Developer Booked In ₹4.07 Crore Cheating Case
Developer Booked for ₹4.07 Crore Cheating Case in Kandivali
The Kandivali police have registered a case of cheating against a local developer, Jayant Mehta, a resident of Samajdeep Building, Bata Showroom Lane, Kandivali (West). The alleged fraud involves a sum of ₹4.07 crore.
Complaint by Real Estate Agent
The complaint was lodged by Dinesh Dayalal Vadodaria (74), a real estate agent. According to Vadodaria, Mehta duped him by presenting redevelopment documents for 11 rooms located at Shivmahal Building, Danvibhavan Chawl, Mathuradas Road, Kandivali (West). The accused had assured the complainant of profitable returns if he financed the project.
Investment and Losses
Trusting these assurances, Vadodaria invested a total of ₹4.07 crore – ₹2.89 crore in cash and ₹1.18 crore via cheque. However, neither did the redevelopment project materialize, nor did Vadodaria receive any returns on his investment. This led to the registration of a police case against the accused.
Location and Ongoing Investigation
The alleged fraud took place at Mathuradas Road, White Arch Building, Kandivali (West). Police have booked Jayant Mehta under relevant sections pertaining to cheating and fraud. Further investigation into the matter is currently underway.
Also Watch: Fraud
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