The Economic Offences Wing (EOW) of the Mumbai police on Sunday arrested a 63-year-old builder for cheating 59 homebuyers of Rs 30 crore over a Vikhroli-based project.
The EOW housing unit arrested Hemant Parikh of SSV Developers for cheating, criminal breach of trust and forgery. He has been remanded to police custody.
Joint commissioner of police (EOW) Niket Kaushik said that Parikh was on the run since the police registered a first information report (FIR) in 2018.
While more than 150 homebuyers were cheated, 59 of them have approached the cops complaining that some flats are sold to multiple buyers.
Jeevan Shivdasani, a Wadala resident, alleged that in 2012 he came across an advertisement by SSV Developers, which stated that a project, Vicenza Regency, was being constructed at Tagore Nagar in Vikhroli.