The Economic Offences Wing (EOW) of Mumbai Police arrested Amarjit Shukla, owner of Mid City Heights, for allegedly cheating residents of a building redevelopment project to the tune of Rs 55 crore.
Shukla was produced before the Esplanade Court on Friday, August 22, and remanded to EOW custody for three days.
Mid City Heights was appointed to redevelop a residential building on Yari Road, Versova. The company had assured 13 residents, who collectively owned 14 flats, that they would receive new homes within a specified timeframe.
However, the promised homes were not delivered on schedule, prompting the residents to investigate. Their findings revealed a major fraud.
Following their complaint, the Versova Police Station registered a case under the Indian Penal Code (IPC) for cheating and criminal breach of trust. The Economic Offences Wing took over the investigation, leading to Amarjit Shukla’s arrest.
