Com­plaints against fraud Pune builder DSK pour in

Mid Day - - CITY - VI­JAY KU­MAR YA­DAV vi­jay.ya­dav@mid-day.com

MORE and more peo­ple are com­ing for­ward to lodge com­plaints against Pune-based builder Deepak Sakharam Kulka­rni, pop­u­larly known as DSK, with EOW sources say­ing the num­ber has crossed 225 and is ex­pected to in­crease fur­ther. The vic­tims have al­leged that they were cheated of their in­vest­ment amount, to­talling over R7 crore. A po­lice of­fi­cer linked with the in­ves­ti­ga­tion said many vic­tims were se­nior cit­i­zens who had in­vested their life’s sav­ings in the com­pa­nies linked to DSK.

“Be­cause se­nior cit­i­zens’ money is in­volved, we will fo­cus more on the re­fund as­pect and ex­pe­dite the at­tach­ment for re­cov­ery process. Soon, his prop­er­ties will be iden­ti­fied for re­cov­ery. We are in process of col­lect­ing ev­i­dence against the ac­cused,” said an EOW of­fi­cer.

Fraud­ster’s MO

Ear­lier this month, the EOW had filed a case under sec­tions 406 (crim­i­nal breach of trust), 420 (cheat­ing) and 34 (com­mon in­ten­tion) of the In­dian Pe­nal Code and under rel­e­vant sec­tions of the Ma­ha­rash­tra Pro­tec­tion of In­ter­est of De­pos­i­tors (MPID) Act against DSK and oth­ers. At the time of fil­ing the FIR, around 140 vic­tims had ap­proached the po­lice. Af­ter mul­ti­ple com­plaints were filed against the builder across the state, more started ap­proach­ing au­thor­i­ties. DSK’s com­pa­nies, through their cu­mu­la­tive, non-cu­mu­la­tive fixed de­posit schemes and Dhan-Dhana-Dhan scheme, ac­cepted huge amount as in­vest­ment by promis­ing lu­cra­tive re­turns rang­ing from 12 per cent to 14.4 per cent. In one scheme, DSK of­fered dou­ble re­turns if the money was de­posited for a five-year FD, said an EOW of­fi­cer. “Peo­ple in­vested money with DSK and his part­ner­ship firms by trust­ing their track record of giv­ing good re­turns to their in­vestors. For the first few years, in­vestors got in­ter­est money, but since Jan­uary-Fe­bru­ary this year, the builder has defaulted on pay­ments,” a com­plainant told mid-day.

Across the state

Ear­lier, the Pune EOW had reg­is­tered an FIR against DSK and his wife, on Oc­to­ber 28, af­ter nearly 300 lodged com­plaints of cheat­ing against the developer. Apart from Pune, nearly 600 from Kol­ha­pur district are said to have in­vested hun­dreds of crores with DSK.

The Bom­bay High Court has given in­terim re­lief to DSK till Novem­ber 17 in the case filed with Pune EOW.

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