Mumbai: Builder on the run for 3 years held for cheating buyers of Rs 30 crore in Vikhroli

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The Mumbai Police's Economic Offences Wing (EOW) on Sunday arrested a 63-year-old builder for cheating 59 homebuyers of Rs 30 crore over a Vikhroli-based project.

According to a report in Times of India, the EOW housing unit arrested Hemant Parikh of SSV Developers for cheating, criminal breach of trust and forgery. Parikh has been remanded to police custody.

Accused Parikh was on the run since the police registered an FIR in 2018, joint commissioner of police (EOW) Niket Kaushik said.

As per sources, over 150 homebuyers were cheated, only 59 of them approached the cops complaining that some flats were sold to multiple buyers.

In his complaint, Jeevan Shivdasani, a Wadala resident, alleged that in 2012 he came across an advertisement by SSV Developers. Shivdasani stated that a project named Vicenza Regency was being constructed at Tagore Nagar in Vikhroli.