Maharashtra: Builder booked for cheating homebuyers of Rs 12.9 crore in Nagpur

The alleged accused had constructed Divya Prayag Apartment in Wanjari Nagar, where he mortgaged 22 flats with DHFL Bank

An offence has been registered against a builder in Maharashtra's Nagpur city for allegedly duping 22 homebuyers of Rs 12.90 crore.

Based on a complaint, the economic offences wing (EOW) of the police has registered a case against Shashank Govindprasad Pandey (46) under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code.

Also Read: Man dies after collapsing during half marathon in Maharashtra's Satara

The alleged accused had constructed Divya Prayag Apartment in Wanjari Nagar, where he mortgaged 22 flats with DHFL Bank, an official said.

The builder allegedly sold the flats collectively for Rs 12.90 crore without informing the buyers about the mortgage agreement, he said.

When the fraud came to light, the flat buyers approached the police, the official said, adding that the case was registered following a probe.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!