Dreamz Infra Scamster has CID in a sweat
Customers of Dreamz Infra Bangalore protesting against them because Dreamz is not allotting flats. Also not providing refund for the customers who submit cancellation. CRMs & top management behaving rudely to customers when ask for refund. Also not accepting cancellation forms now.
How it is possible? why there is no recording installed inside jail? Jail is the place for next crime planning? How our system allows such people to cheat more ans more people? Luckily our association fought and ensured arrest . Ekadanta association is fighting hard to get our money back! But System is helping this Fraud Sachin Nayak???
All fake promises done by builder...all buyer are suffering because they still not get there home
The Criminal Investigation Department in continuation of the investigations into the multi-crore Dreamz Infra India Ltd scam on Monday arrested the third accused, Anoop K.M., one of the directors of the company. He was nabbed at the International Airport in Delhi, allegedly while trying to flee the country.
The CID were issued a look out circular for other absconding directors of the company soon after the arrest of Sachi Nayak and his wife.
Considering the magnitude of the case, the CID officials had formed three special teams and set up a special cell at the CID headquarters to receive complaints and information about the accused.
So far, 82 cases have been filed against the accused in various police stations and being probed by the CID. According to a senior police officer, the accused floated many companies and duped over 1700 people of ₹150 crore .
During the course of investigation, the CID officials said that the the accused floated Dreamz Infra India Ltd, TGS construction pvt. Ltd., Gruha Kalyan Private Limited with 13 MDs and directors and announced 48 projects across the city.
The prime accused, 39-year-old Sachin Nayak (who also goes by the names Sumanth Kumar Das and Yogesh Choudhary), is a native of Ratnagiri in Maharastra, who came to Mumbai in search of a job. There he married his colleague Aysha. Soon after the marriage, Aysha changed her name to Choudhary and the duo came down to Bengaluru in 2002 and launched a finance company under the banner Frontier. A case of cheating was registered against the couple at the Commercial Street police station in 2009 for duping over 800 investors of ₹16 crores.
Further probe revealed that Sachin floated another construction company TGS construction company in the name of his second wife Mandeep Kour and made her one of the directors. The company offered flats in prime locations at cheap rates and took crores of rupees from the investors, most of them retired government and army officials, private firm employees and gullible home makers.
With this money, Sachin produced a Hindi film ‘Anuradha,’ with his first wife Aysha as the lead actor. Sachin has also bought 11.5 acres of land on Kanakpura road and constructed a Shiradi Sai Baba temple.
He also invested money on IPL advertisement for RCB team and paid huge cash to Bollywood star Hrithik Roshanto promote his online business venture \'Send My gift.’
Sachin using the money also floated many such online business companies including Daily Pooja.com, Mom@baby products, furniture.com, DKG enterprises and Udyog Mitra trust.
The CID officials are making efforts to identify the movable and immovable properties of the accused and contemplating confiscate them, a senior police officer added.
The police are now seeking confidential information from people about the accused. They can mail details to firstname.lastname@example.org or call 080-22094451.
BENGALURU: Nearly 700 people on Sunday staged a demonstration at Freedom Park against a real estate company which allegedly had cheated them of lakhs of rupees.
Over 5,000 citizens have been fighting for their investments in the allegedly fraudulent ventures of Dreamz Infra India Pvt Ltd since 2012. Their investments range from Rs 1 lakh to Rs 1.2 crore. They were shown empty plots and told that construction on those properties would start soon.
\"When we got our lawyer to look at the memorandum of understanding (MoU) given to us, we were given the green signal as the land was in the name of the builders. What we slowly came to realize was that these builders had no intention of constructing any flats,\" said Rajani, who was convinced about investing in the projects as the Dreamz group had successful properties in Koramangala, Marathahalli and Silk Board.
\"After waiting for six months and seeing no progress, not even BBMP approval had come for construction, I got suspicious and cancelled my registration. Other people who live outstation were not as lucky. They are supposed to refund the money in 120 days of cancellation but they have been taking advantage of our patience,\" said Rajani who had invested Rs 1 lakh to buy a flat in Dreamz Sadan in Kundanahalli.
Complaints galore: Senior citizens Raju and Kusuma claim that have lost money without any benefit accruing to them. \"The project did not take off as planned and the MoU also lapsed. When we tried to cancel our registration, they gave us post-dated cheques that repeatedly bounced,\" alleged the 60-year-old retired government official.
The investors have filed collective as well as individual complaints against the builders. Sunday\'s protest was marked by blood donation camps, daylong fasting by residents and consultation sessions with a legal counsel.
\"Most of us have given legal notices before filing a case. We are not going for money recovery, instead asking for a stay order so nothing can happen to that land. Individually, we will file civil suits for money recovery,\" said Rajani.
The management of the company was not available for comment.