DSK has looted 470 Crore Rupees from the flat buyers

No bail for Bunty aur Babli - DSK & Hemanti Kulkarni - of D. S. Kulkarni Developers Ltd.!:

No bail for Bunty aur Babli - DSK & Hemanti Kulkarni - of D. S. Kulkarni Developers Ltd.!

Considering the scope and gravity of the crime, the special judge J T Utpat has decided to keep Deepak Sakharam Kulkarni & Hemanti Kulkarni locked up in his custody at Yerawada Jail.

For years the actual business of DSK & Hemanti was looting public money - the Special Public Prosecutor Advocate Pravin Chavan claimed in his argument.

The construction business - D S Kulkarni Developers Ltd. - was just an excuse to loot the flat buyers, Fixed Deposit Holders, Non Convertible Debenture Holders, Investors, Moneylenders, Banks & Financial Institutions.

Over the years, DSK & Hemanti have looted some 3,000 Crore Rupees from them. 1374 Crores from the banks, 470 Crores from the flat buyers, 110 Crores from Debenture Holders, 1153 Crores from F D Holders

By selling lands or even by constructing and selling flats on these lands only 500 - 600 crores can be generated - it means that it's not possible to recover 3,000 crores DSK & Hemanti have looted.

To loot the flat buyers, DSK's tools were - glamorous launch event of the project, full page color ads, hoardings at every corner, news stories praising the builder and the project, TV commercials on all channels, 'No EMI till Possession' payment schemes from the private banks.

Though DSK is in the jail, all DSK projects are stalled, all private banks are harassing the DSK flat buyers for the EMI, many Pune flat buyers are booking flats with the builders who are using the same tools DSK has used. This worries me a lot.

What about you? Please, share your views in the comments.


Back to DSK.

Besides looting public money, DSK & Hemanti have committed perjury against Bombay High Court.

A person who can wilfully tell an untruth - make a misrepresentation under oath - in the High Court - can cheat any citizen. Can tamper the evidence. May flee the country. So he should not get the bail. Claimed Advocate Chavan.

Mr. Vijay Kumbhar & I attended the court hearings held in the last week of April. To update the F D Holders who couldn't attend the court proceedings, we have prepared some 30 minute long Marathi video. Please, watch it.

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