The Financial Offences Wing (EOW) of Mumbai police arrested a 59-year-old builder for allegedly duping 30 flat patrons of over Rs 12 crore by not giving them possession of flats booked by them, an official stated on Saturday.
Notably, the accused builder, Jayesh Shah, had been arrested in 2021 as effectively for the same crime, against the law department official stated.
Jayesh Shah was arrested from his suburban Kandivali workplace on expenses of dishonest, forgery, breach of belief and beneath the Maharashtra Possession of Flats (Regulation of the Promotion, Development, Sale, Administration and Switch) Act on Friday.
He was remanded to police custody until June 27.
Police suspect that Jayesh Shah had cheated greater than 100 patrons who had booked flats in his Oshiwara-based venture in 2012.
Final 12 months, he was arrested from Arthur Street jail after one Avadh Shah and 4 others lodged an FIR in opposition to him.
The recent FIR was lodged by 30 individuals who had paid Rs 12.41 crore to Jayesh Shah to buy flats however had been by no means given the possession, the official stated.
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