Mumbai

Mumbai businessman accused of cheating 500 home buyers in Mumbai arrested

 

Acting on a tip, the Thane police arrested a Mumbai businessman who was about to fly away with the money of 500 flat buyers, late on Monday night. Bhupatbhai Ravjibhai Lukhi’s Mercedes was intercepted at Bandra Kurla Complex on the basis of reports that he was planning to flee to the soft haven Belgium on Tuesday.

 

Lukhi, is one of the three directors at the now dissolved Kashimira Ceramic Products LLP, which had been promoting a high-rise project Tanvi Eminence in Mira Road’s Kashmira locality of the posh Pali Hills. The project, which promised 500 apartments, was started in 2010, but the construction stopped in 2013 because of a financial row between the directors.

 

With no progress made since 2013, the homebuyers are quite anxious about the fate of their investment.  They have already paid 85 per cent of the property cost, and so they stand to loose a lot. Recently, they named Lukhi, diamond trader Dahyabhai Govindbhai Sutaria and advocate Vijaykumar Hegde’s wife, Sangeeta, in a cheating complaint. It is one of the biggest such cases, Mirror had reported on October 6.

 

Confirming the first arrest in the probe, Senior inspector Venkat Andhale of Local Crime Branch, Thane (Rural), said, “We had specific information that Lukhi was going to fly to Belgium tomorrow (Tuesday). He has a house in Belgium. As there was an apprehension he may flee, we intercepted his car at BKC and placed him under arrest. He will now be produced in a Thane court.”
 

Written by The Realty Paper


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