MD of real estate company Casa Grande arrested

Police make the arrest on forgery charge in connection with sale of villas in Perungudi. The Central Crime Branch of Chennai city police has arrested K.R. Anerudhan (36), Managing Director of Casa Grande Private Limited, on forgery charge in connection with sale of villas in Perungudi. Police sources said Kulasekaran of KAYES Estate entered into an agreement with Casa Grande for developing villas on 1.33 acres owned by the former on a 50:50 joint venture basis in 2010. He also gave the power of attorney to the co-founders of Casa Grande — Anerudhan and M. Arunkumar — for obtaining building plan approvals. The complainant alleged that instead of getting approvals from the Chennai Metropolitan Development Authority, Casa Grande forged documents to make it appear that the plot was split into five. It then submitted the documents to the town panchayat and planning permission was obtained on the basis of the forged documents. The issue came to light when Mr. Kulasekaran came to sell his portion. He lodged a complaint with the Central Crime Branch in 2015 alleging that Casa Grande had cheated him of ₹20 crore. The FIR cited Mr. Anerudhan and Mr. Arunkumar as accused. The CCB arrested Mr. Anerudhan on Wednesday for offences under Sections 465 (punishment for forgery), 467 (forgery of valuable security, will,etc), 468 (forgery for purpose of cheating) and 420 (cheating and dishonestly inducing delivery of property) of the IPC. He was produced before the Judicial Magistrate, Alandur, and remanded to judicial custody in Puzhal jail. Police sources added that they were looking for another accused in connection with the case. http://www.thehindu.com/news/cities/chennai/md-of-casa-grande-arrested/article17835121.ece

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