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FIR against five developers for cheating partners of Rs 9 crore, Real Estate News, ET RealEstate

FIR against five developers for cheating partners of Rs 9 crore, Real Estate News, ET RealEstate
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ULHASNAGAR: The economic offences wing (EOW) of Thane police registered an FIR against five persons of a developer’s firm for allegedly duping their partners of Rs 8.79 crore here.

The accused, who are partners from the same family, by taking investments from the victim family, offered them partnership in several projects but later started avoided giving them proper returns from the profit.

Sources said the accused Soni family runs Balaji Developers, involved in construction. An EOW official said complainant Rinku Jeshwani, along with his wife and brother, Navin, was involved in several projects with the Sonis.

According to complainant Rinku, initially the Soni family gave a proper share in profits but they then started cheating them by selling properties at higher prices but showing less prices to avoid paying taxes and avoid sharing profit with the Jeshwanis.

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