Investors accuse Bengaluru builder of cheating

A group of people who have invested to buy homes staged a protest at Freedom Park  against a reputed private builder.

Published: 06th March 2017 07:06 AM  |   Last Updated: 06th March 2017 07:06 AM   |  A+A-

Investors protesting at Cubbon Park against the private builder who cheated them of huge sum of money in Bengaluru on Sunday | Pushkar V

By Express News Service

BENGALURU: A group of people who have invested to buy homes staged a protest at Freedom Park on Sunday against a reputed private builder for allegedly cheating them of huge sum of money on the pretext of building flats for them in the city.  

One of the investors, Vinayak K, said that the builder had promised to construct houses for poor and middle-class families, including retired citizens and has taken money from them in 2012.

“Many of us paid the advance for the flat bookings from pension savings, breaking fixed deposits and selling gold jewellery, ” said Vinayak.

Another investor Rajani told Express that more than 2,000 people had booked the flats and the builder has taken Rs 50 crore from us. “After a few years we came to know that the builder has many bogus companies across the city and also changed his names multiple times to cheat people.”

“The protest will continue for two more days and we all gather at the Bengaluru City Railway Station, Majestic and a procession will be held to Freedom Park.”

 “A few progressive writers are joining us to support the protest. We want legal action to be taken agianst him,” Rajani added.

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