EOW, Mumbai cops give clean chit to Pashmina Reality in cheating case
Publish on : 2023-02-07 13:06:10
Ashok Mohanani, chairman of Ekta Housing, had in October last year lodged an FIR against Pashmina Realty and its directors Rajendra Singh, Kishore Koticha, Amit Jha, Preet Koticha and Rajesh Turakhia for inducing him to redevelop the prime property by presenting a rosy picture.
MUMBAI: The Economic Offences Wing (EOW) and the Powai police have closed an alleged cheating case against builder Pashmina Reality filed by its partner, Ekta Housing, for cheating and misappropriation of funds.
Pashmina and Ekta were in a joint venture for a project named 'Lake River' in Powai. Ashok Mohanani, chairman of Ekta Housing, had in October last year lodged an FIR against Pashmina Realty and its directors Rajendra Singh, Kishore Koticha, Amit Jha, Preet Koticha and Rajesh Turakhia for inducing him to redevelop the prime property by presenting a rosy picture.
Mohanani claimed they defrauded and cheated him by extracting huge sums, utilised his firm's expertise and then halfway terminated their agreement, causing them a huge loss of Rs 165 crore.
The Juhu police lodged an FIR of cheating, forgery, breach of trust and 120 B of criminal conspiracy on the directions of 10 Metropolitan magistrate court.
Mohanani had filed a private complaint before the court. Ekta Housing filed a second complaint with the Powai Police Station against Pashmina. Subsequently, both EOW and Powai Police carried out their investigations and on 23rd November 2022 and 16th December 2022, respectively - both gave a clean chit to Pashmina by filing a detailed closure report.
Police closed the case classifying 'C' summary stating that the allegations are civil in nature. A 'C summary' report is issued by the police in a matter when the criminal case is registered due to a mistake of facts or the offence complained about is of a civil nature.
The closure report stated Pashmina Realty tried to have a solution and conducted 7 to 8 meetings with the team of Ekta Housing. All these meetings were held in the presence of solicitors of Ekta Housing and solicitors of Pashmina Realty at the offices of the solicitors of Ekta Housing. The information about the meeting had been given directly by email. Therefore, it is not proved that the accused has unilaterally, incorrectly given reasons for terminating the agreement. Its closure report further states that the transactions between the complainant and accused are of civil nature and there is no evidence of any criminal nature.