AHMEDABAD: Navrangpura police on Sunday arrested a man named Mihir Desai, director of city-based real estate firm Sambhav Infrastructure Private Limited, for his alleged involvement in a dishonest case of Rs 1.55 crore.
Desai along with another person Shrenik Sheth did a dishonest of Rs 1.55 crore with Indiabulls Housing Finance after you have a loan to buy an apartment and a bungalow in Jodhpur which that they had allegedly offered to someone else.
According to the FIR, Sheth, resident of Gurukul, had in February, 2014 made an software to get the loan to buy an apartment in Jodhpur wherein he produced a replica of sale deed with Sambhav infrastructure non-public limited director, Mihir Desai.
After examining paperwork of the flat-booking and residential evidence of Sheth, the company sanctioned the loan at the per thirty days instalment of Rs 65,441 for 180 months. The corporate had additionally signed a tri-party settlement with Sheth and Desai.
The corporate had then put a condition before Sheth of producing the sale deed record of the apartment. After that, the company officers repeatedly requested them to supply the sale deed record but they have shyed away from that. Sheth additionally stopped paying instalments after 35 months and when the company inquired about it, it was once published that the apartment was once offered to someone else without informing the company which had granted the loan to Sheth.
The accused persons are booked below sections of dishonest and forgery by means of the Navrangpura police station.
Desai along with another person Shrenik Sheth did a dishonest of Rs 1.55 crore with Indiabulls Housing Finance after you have a loan to buy an apartment and a bungalow in Jodhpur which that they had allegedly offered to someone else.
According to the FIR, Sheth, resident of Gurukul, had in February, 2014 made an software to get the loan to buy an apartment in Jodhpur wherein he produced a replica of sale deed with Sambhav infrastructure non-public limited director, Mihir Desai.
After examining paperwork of the flat-booking and residential evidence of Sheth, the company sanctioned the loan at the per thirty days instalment of Rs 65,441 for 180 months. The corporate had additionally signed a tri-party settlement with Sheth and Desai.
The corporate had then put a condition before Sheth of producing the sale deed record of the apartment. After that, the company officers repeatedly requested them to supply the sale deed record but they have shyed away from that. Sheth additionally stopped paying instalments after 35 months and when the company inquired about it, it was once published that the apartment was once offered to someone else without informing the company which had granted the loan to Sheth.
The accused persons are booked below sections of dishonest and forgery by means of the Navrangpura police station.
Real estate firm owner held for cheating
![Real estate firm owner held for cheating]()
Reviewed by Kailash
on
July 03, 2018
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