EOW Probes Rs 43-Crore Redevelopment Fraud Involving Rehab Flats

EOW probes Rs 43-crore redevelopment fraud involving rehab flats

Mumbai EOW probes alleged ₹42.96-crore Chinchpokli redevelopment fraud, accusing a developer and banks of selling rehab flats and raising loans illegally.

Mumbai Police Book Builder, Directors, Banks And Buyers In Alleged ₹42.96-Crore Chinchpokli Redevelopment Fraud

Mumbai Police have registered an FIR alleging a Rs 42.96-crore redevelopment fraud involving Siddhivinayak Construction, its directors, banks and flat buyers in Chinchpokli. The case, now being investigated by the EOW, concerns the alleged illegal sale and mortgaging of rehabilitation flats meant for tenants.