Kothrud police booked Lalit Kumar Jain for cheating, breach of trust and forgery
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Ravi Karandeekar
Apr 15, 2013, 2:59:28 AM4/15/13
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The Kothrud police booked Lalit Kumar Jain and other directors of Kumar Sinew Ltd, on Saturday evening, for cheating, breach of trust and forgery with relation to a piece of land measuring 79 hectares and 30 gunthas on Survey No 44 in Erandwane — the site for the company’s luxury housing project 45 Nirvana Hills — after being directed to do so by the judicial magistrate’s court.
As per the FIR, the police have booked Lalit Kumar Jain, Aruna Ashok Bhat, partner at A V Bhat & Company, the company itself, Shailesh Ghisulal Hingad and Krishnan Laxminarayan of Kumar Sinew Ltd. However, none of the accused have been detained by the police yet.
They been charged under Sections 199, 200, 406, 417, 420, 471 and 474 read with Section 120 (B) of the Indian Penal Code (IPC). It is alleged that the accused hatched a conspiracy to grab the land on the basis of forged documents and transfer the ownership of the property.
In 1982, the said piece of the land was leased out to A V Bhat & Company for 50 years. However, in 2005 A V Bhat & Company along with Megapolis Developers were acquired under Kumar Sinew Ltd. It is alleged that after this, the accused first mortgaged the land to various companies and then started developing the land without permission from the trust and charity commissioner.
Nizamuddin, who is the complainant in this case, also alleged that the accused kept the trust in the dark and claimed the Transfer of Development Rights (TDR) and Floor Space Index (FSI). “Jain and the others deliberately allowed slums to develop there to benefit from slums rehabilitation scheme.
In 1982, the said piece of the land was leased out to A V Bhat & Company for 50 years. However, in 2005 A V Bhat & Company along with Megapolis Developers were acquired under Kumar Sinew Ltd. It is alleged that after this, the accused first mortgaged the land to various companies and then started developing the land without permission from the trust and charity commissioner.
Nizamuddin, who is the complainant in this case, also alleged that the accused kept the trust in the dark and claimed the Transfer of Development Rights (TDR) and Floor Space Index (FSI). “Jain and the others deliberately allowed slums to develop there to benefit from slums rehabilitation scheme.
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