Complaint Registered Against Sukun Builders For Fraud
AHMEDABAD: The victims of multi-crore scam of NA Constructions feel that the police investigation in the case would meet the fate of a similar investigation in Shukan Builders cheating case.
In last one and half year, in the Shukan Builder case, Ahmedabad and Gandhinagar police have registered five FIRs and arrested only one of the partners and are yet to resolve the matter.
\"In a city like Ahmedabad where affordable houses are sought-after, the builders exploit the situation and target the middle class people who dream to have house of their own. Police have taken the complaint only after pressure from a group of investors and had not taken applications into consideration when individual victims approached them. We are following the progress closely,\" said Girish Vyas, one of the victims.
According to a rough estimate, Shukan Builders are facing cheating complaints of over Rs 35 crore where they are primarily accused of selling one property to more than one persons and duping the banks and financial institutions after mortgaging the properties.
The group had launched multiple schemes in Ahmedabad and Gandhinagar. The investors in the scheme had demanded either possession of the flats or recovery of the money but the investigation is yet to ascertain the finances of the scam.
Shukan Groups Owner Ramesh Patel arrested by sola police......he cheated so many buyers
AHMEDABAD: One more complaint of cheating was filed against the Shukan Group of builders on Friday. A private investment firm has accused the promoters of not paying back Rs 11 crore of a Rs 20 crore loan. It is the fifth police complaint against the builders.
The complaint has been filed Mukesh Jain, a resident of Satellite, with Navrangpura police. Jain has said in his complaint that Ramesh Patel, Bhanu Patel, Mahesh Patel and Veena Patel, all residents of Shukan Palace on Science City Road, had taken a Rs 20 crore loan from his firm in September last year and had promised to pay it back in instalments. They had even mortgaged the Shukan Palace scheme against the loan.
Navrangpura police inspector R V Desai said that the promoters of the scheme did not pay the amount as promised and later showed their inability to do so. \"At the moment, we have Ramesh Patel in our custody for questioning in connection with a previous case. Now we will seek the remand for the new case,\" he said.
In August this year, a brokerage firm had lodged a complaint for cheating of Rs 2 crore. In the last four months, the group promoters have been named in complaints filed at Sola, Sardarnagar and Sabarmati police stations. The group is also accused of fraud in a complaint with Gandhinagar police.
\"The initial complaint was about the duplicate selling where the managers of the group sold the same property to multiple parties. In some of the cases, they have tampered with the official documents for the purpose. In preliminary investigation, the accused have stated that they could not recover their invested money from the market after which the financial system broke down,\" said an investigator.
AHMEDABAD: The residents of Shukan Smile City in New Ranip registered a complaint against the promoters of Shukan Group for cheating and breach of trust. This is the fourth police complaint against the group after being accused in complaints at Sola and Sardarnagar police stations in Ahmedabad and Sector 7 police station in Gandhinagar.
According to Sabarmati police, Narpat Parmar, 37, a resident of Anmol Bungalows, New Ranip, registered a complaint against Shukan Group promoters Ramesh Patel and Vijay Patel, both residents of Shahibaug, and Mahesh Patel, a resident of Science City Road, Sola, for cheating. Parmar is one of 180 flat owners who invested in Shukan Smile City in 2012.
\"According to the complaint, the investors were told that the project was title clear and had no liabilities. After the purchases, the investors learned that the builders had taken a Rs 45 crore loan from Kotak Mahindra Bank\'s Shivranjani branch against the property. It was thus mortgaged. This came to light when the bank came knocking on occupants\' doors, saying that they have power to seize the flats as repayment of the loan was not been made in the stipulated time by the builders,\" said a Sabarmati police official.
F K Jogal, inspector of Sabarmati police station, said Ramesh Patel has already been arrested in connection with another case. \"He is currently in Sabarmati Central Jail. We have applied for his custody on a transfer warrant, to question him in about this case. The investors claim that the builders kept them in the dark about the repercussions of the mortgage default, and also sold some flats multiple times. The process of recording the investors statements is underway,\" he said.