PUNE: The city police’s Economic Offences Wing is probing a 70-year-old land developer from Shivane, accused of forming a cooperative housing society in 1990 and collecting funds till recently from 218 members promising them flats on a land at Ramnagar in Warje, secured from the state government on a concessional rate.
The Economic Offences Wing (EOW) has prima facie pegged the cheating amount at Rs200 crore. The cheating, according to the police, occurred between 1990 and February this year. Assistant commissioner of police (EOW) Vijaykumar Palsule told TOI, “We started conducting an inquiry into the case last year and on Monday a formal FIR was registered against the chairperson and his accomplice.”
