The Economic Offences Wing (EOW) of the city police has closed a Rs 67.50 crore alleged cheating case involving Ramesh Govani, owner of Kamala Mills, after finding insufficient evidence to support the complaint.
The EOW submitted a ‘B’ summary report before a metropolitan magistrate court, stating that the allegations made by complainant Sujit Arora could not be substantiated. Arora had accused Govani of taking over his land for redevelopment and promising compensation worth Rs 67.50 crore, including Rs 20 crore in cash, along with commercial units and residential flats. He alleged that neither payment nor the promised properties were delivered.
The case was registered on July 9, 2024, under IPC sections related to cheating, forgery, and breach of trust. Govani, a director at Amikrupa Land Developers Pvt Ltd, was arrested a day later and subsequently released on bail within a few weeks.
According to the complaint, Govani allegedly secured the complainant’s signature on a conveyance deed by assuring compensation but later registered the property in July 2014 without fulfilling the commitment. It was further alleged that he promised 10 flats and a commercial unit in the redevelopment project, but several of these units were either sold to third parties or mortgaged, leading to claimed losses of Rs 67.50 crore.
During the probe, investigators examined witness statements, financial records, and key documents, including a Deed of Cancellation dated March 29, 2017. These indicated that the agreement between the two parties had been mutually terminated. Authorities also reviewed an affidavit submitted by the complainant before the Bombay High Court in April 2023.
Police noted that the complainant had not disclosed the cancellation deed while filing the FIR and had provided incomplete information. Based on the evidence reviewed, officials concluded that there was no conclusive or admissible proof to establish criminal intent against Govani and others, leading to the closure of the case.
Source: The Times of India
