Economic Offences Wing conducts searches at developer DS Kulkarni’s Home in Pune
After the High Court order, the DSK couple was present at the Pune Police Commissioner’s office at 11 o’clock in the morning (7th February). He was questioned in the office of assistant crime commissioner Nilesh More of Financial Crime Branch. According to the order given by the High Court, they will be questioned in the next five days from 11 am to 1 pm and 3 pm to 5 pm.
The case was registered on October 28 on a complaint by 65-year-old Jitendra Mulekar that he did not get back his investment from the real estate group.Besides cheating, DS Kulkarni or just DSK, as he is popularly known, and his wife were booked for criminal breach of trust, the police had said.
Before we go into the allegations, here are some facts. The company’s 2016 annual report shows no default to banks (its bankers include State Bank of India, Syndicate Bank, Bank of Maharashtra, Union Bank of India, IDBI Bank, ICICI Bank and Vijaya Bank) and it has availed of construction finance from a set of housing finance companies against the security of many ongoing projects.
Assistant Police Commissioner Nilesh More said that the investigation process will continue for the next five days as per the order of the High Court. DSK has fully cooperated in the investigation conducted today. The proposals for sale of DSK will be filed in the Mantralaya by district collector and further action will be taken accordingly.