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In a significant development, the Bombay High Court has directed the Director General of Police (DGP) to initiate a comprehensive inquiry into the investigation of allegations against a prominent builder accused of defrauding numerous flat buyers in Thane. The court expressed strong disapproval of the current investigative approach, describing it as "pathetic" and "lackadaisical" and suggesting that the interests of the accused appeared to be prioritized over those of the victims.
The case involves allegations against Karam Infrastructure Private Limited and its directors, who are accused of systematically duping approximately 11,500 flat buyers. The court emphasized the need to protect the interests of these gullible purchasers and called for immediate action.
To facilitate resolution and mediate between the concerned parties, the court appointed senior advocate Raieev Patil, expressing confidence in his professional abilities and impartiality. Patil will oversee three projects of the accused builder and work towards finding a resolution to the ongoing dispute.
In response to the court's directive, a preliminary meeting involving advocates representing affected flat buyers took place at the main mediation centre of the high court in Mumbai on October 31. Patil has been granted until November 9 to present a comprehensive plan to the high court, which is scheduled to hear the matter on November 10. The high court has set a deadline of four weeks for the DGP to complete the inquiry and submit a report by November 29, underscoring the urgency of the situation.
The Bombay High Court's intervention follows the frustration of flat buyers who have invested their hard-earned money in housing projects but are yet to receive possession. These buyers have been seeking justice for several years, with their efforts to obtain refunds with interest proving futile. The court's decision highlights the need to ensure that justice is served for the victims of this massive alleged fraud, and that the investigation is conducted diligently and with transparency.
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