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Mumbai: Developer accused of cheating firm of Rs 1 crore denied bail

Sessions court rejects application, which was filed on the grounds that it was a civil dispute, saying there was a clear intent to cheat; he will now approach HC, says matter is not criminal

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Peerless Constructions alleged that two real estate agents had approached it to invest in the redevelopment of Saraswati and Shree Saraswati CHS (in pic), but the firm later learnt that the developer mentioned by the duo had no right over the properties. Pic/Nimesh Dave

Peerless Constructions alleged that two real estate agents had approached it to invest in the redevelopment of Saraswati and Shree Saraswati CHS (in pic), but the firm later learnt that the developer mentioned by the duo had no right over the properties. Pic/Nimesh Dave

The Dindoshi sessions court on Tuesday rejected the anticipatory bail application filed by Karamvir Rajpurohit, a developer accused of cheating a Borivli-based real estate firm. Rajpurohit, who had sought bail on the grounds that the matter was of civil nature and not a criminal case, has now decided to approach the Bombay High Court. 

Borivli police lodged the FIR in the case on January 11 following the complaint by Peerless Constructions Private Limited. The firm alleged that Rajpurohit and two other real estate agents had cheated it of Rs 1 crore by asking it to invest in the redevelopment of Saraswati and Shree Saraswati cooperative housing societies in Borivli West. 

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