MUMBAI: The Economic Offences Wing (EOW) has arrested two directors of a construction firm accused of defrauding an NRI of ₹10.5 crore. Vishal Shah and Sukhpreet Kalsi, partners at Ajanta Airawat Infrastructure LLP, have been remanded to judicial custody by a magistrate’s court.
Rahul Gupta, the complainant, stated that he invested ₹1.5 crore in 2012 through his company into the accused’s firm, which acquired land in Bhandup for a similar amount.
After retiring from the partnership in February 2016, Gupta claims he lent ₹6 crore to the company, which has yet to be repaid.
A settlement agreement was made in 2018, in which the LLP promised to repay ₹10.5 crore within five months at 30% interest, or allot him 16 flats. Gupta reported that neither the payment was made nor were the flats registered, alleging that the accused mortgaged the project.
