Builder Arrested For Cheating Home Buyers In Mumbai

Builder Arrested For Cheating Home Buyers In Mumbai

A Mumbai-based builder is charged for allegedly duping around 2,000 flat-buyers to the tune of Rs 60-70 crore, police said on Thursday. Around six persons are already apprehended in the relationship with the  case.

Mohammad Azam Abdul Azim Khan, who was on the run for 13 months, was apprehended from Fort area in Mumbai. Several cases were registered at Arnala police station against Azam as well as others under relevant parts of the IPC, Maharashtra Ownership Flat Act (MOFA), 1963 and Maharashtra Protection Of Interest Of Depositors Act, 1999, said Senior Police Inspector Ashok Honmane, who  is attached to the Crime Branch of Palghar District Police.

The builder allegedly wooed middle-class and poor families into buying flats from him. He allegedly misappropriated the money and not gave the possession of the flats to the buyers, police said.

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