Realty firm booked for duping 18 people for Rs 4.34 crore in Kochi

In a cheating case, Meera Homes, a private apartment firm, has been accused of swindling Rs 4.34 crore.

KOCHI: In a cheating case, Meera Homes, a private apartment firm, has been accused of swindling Rs 4.34 crore from 18 people.

The nine-floor project of the firm, Elegance Apartments at Karimukal, which is said to have begun construction in 2008, was to be handed over to buyers by 2014. However, the buyers recently got legal attachment notice for the properties from banks.

“When we inquired at the banks, huge loans had been availed from HDFC and SBI banks by Meera Group owners showing the agreement for sale of the properties we had bought,” said K K Babu, whose son had invested in the property. A total of 48 lakh was availed by the accused from different banks.

An FIR regarding the case has been registered at Aluva police station. The accused are absconding.

Source: http://realty.economictimes.indiatimes.com/news/regulatory/realty-firm-booked-for-duping-18-people-for-rs-4-34-crore-in-kochi/53893423

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s