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Mumbai flat buyers accuse Nirmal Lifestyle directors of INR 11 Cr Fraud

The EOW was given custody of the matter after a complaint by a prospective property buyer, Sunil Kumar Arora. Arora filed an FIR with the Mulund police on April 11, 2022.

Mumbai flat buyers accuse Nirmal Lifestyle directors of INR 11 Cr Fraud
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Mumbai Police's economic offences wing (EOW) has arrested Nirmal Lifestyle directors, Dharmesh Jain and Rajeev Jain, in a case filed by 34 flat buyers alleging cheating of INR 11 crore.

The buyers had paid for apartments in Mulund projects, but the builder failed to deliver them flats and the construction also had not begun.

The EOW was given custody of the matter after a complaint by a prospective property buyer, Sunil Kumar Arora. Arora filed an FIR with the Mulund police on April 11, 2022.

Along with Arora, 33 other buyers complained to the police that they had paid but never received their apartments in the accused's other west Mulund buildings, including One Spirit, Omega, Olympia, and Panorama. The Nirmal Lifestyle Home Buyers' Redressal Association's president is Arora.

The accused still have not completed the projects mentioned in the 2021 case, where 54 flat buyers from three further Nirmal Lifestyle projects – Zircon, Amethyst, and Turquoise – complained that they had paid but never received their apartments. The FIR lists INR 43 crore as the amount defrauded in that case.

The Jains had received the necessary clearances to begin the projects specified in the 2022 case. However, the police can also ask for their custody in the 2021 case since the accused still have not completed those projects.

The EOW is now searching the suspects' homes and places of business as they seek two more persons in the 2022 case. An investor who made a Zircon investment in 2008 is still waiting on their flat, and they had paid almost the entire amount in advance. The Esplanade court has ordered the Jains to remain in police detention until May 3. The buyers, on the other hand, remain uncertain about the status of their apartments and the return of their money.

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