No plans to lodge FIR against suspended MMRDA officials A K Pahal a habitual offender
Sagar Pillai Reporter of Free Press Journal
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Sagar Pillai Reporter of Free Press Journal
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The Economic Offences Wing of the Mumbai police have filed an FIR against a leading property developer for allegedly duping over 150 buyers.The complainants have alleged that the directors of RNA Corp and its associates have interminably delayed handing over possession of apartments booked by them at the developer's project in Kalina in 2010.The buyers claim that they have already paid around 70% of the money for apartments at RNA Address that were priced between Rs 1.5 crore and Rs 3 crore.
The builder, they said, had initially promised them possession in 2014, but has been delaying the handover claiming to have failed to acquire necessary permissions from the BMC. According to the buyers, in March 2013, after completing the third slab, the builder informed them that work would remain suspended until additional approvals were obtained within a few months.Further enquiries over the next couple of years, right until last year, were deflected by the builder, who kept blaming the civic body for taking time to grant approvals. Earlier this year, some of the exasperated buyers made enquiries with bodies such as MHADA and MCGM about the status of the project, and said they were surprised to find that RNA had not made certain payments with respect to the pending approvals.
Pradeep Banerjee, a director at an MNC, who has brought three apartments in the complex, told Mirror that the buyers were tired of RNA's excuses. “Every time we approach the builder he comes up with some excuse or the other. All promises made by the builder have been proven to be fake.“ Ashish Verma, another buyer, claimed that the police were delaying taking action against the builder. “Earlier the FIR was registered with Kherwadi police, and now EOW has filed the FIR on the same complaint. It's been four days since the FIR has been registered and no action has been taken. Instead of arresting the accused, the cops are asking for original documents from us.All these are delaying tactics.“ The delay in the handover of the flats, said advocate Ameet Mehta, who is representing the buyers, was severely inconveniencing several of them. “It's been seven years, and many buyers are senior citizens.“
An EOW official, involved in the investigations, said, “The scam could involve over Rs 100 crore. Statements are being recorded and suitable action will be taken soon.“
Anubhav Agarwal, a director at RNA, said “These are people with malicious intentions. We had moved court also because of such intentions. The delay in the project was due to us not getting permissions on time. The court is yet to pass an order on the same. The case is subjudice. Meanwhile, we can't understand how the cops can file a case against us. We will challenge the same in court.“
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Horizon Green (Borivali East) has invalid OC and Inadequate Drainage built without authorization
How Justdial cheats
Pure Energy Academy's contract with Justdial was for payment of Rs 1040/- per month, for a period of one year. See the terms of contract below.
Two cheques were issued towards the first two monthly payments. However, Justdial activated the contract a day after depositing both the cheques on 3rd June. The delay of one month in depositing the first cheque appears to be because the signature, stamp and other details of the cheques contained were being used by Justdial's backroom boys to creat a forged ECS/NACH mandate form enabling them to charge upto Rs 1040/- as many times in a month as they wished. With this phony mandate, Justdial could directly withdraw limitless money from Pure Energy's bank account by presenting the ECS/NACH mandate for the next 14 years! Also, the ECS mandate was made out to be non-cancellable! See the forged ECS/NACH mandate below.
(Note: take a close look at this document; it is so obviously fishy! All the options are pre-tick-marked and cancelled in the printed form itself. They are not tickmarked or cancelled by hand, the form is printed that way! Even the supposed termination date of the contract – 31/03./2030 – is printed, and only the starting date is entered by hand. The frequency options i.e. Monthly, quarterly, half-yearly and yearly, are all pre-cancelled in the printed form, and "As and when presented" is pre-tickmarked. The debit type option of "Maximum amount" is also pre-selected in the printed stationery. Also notice that something has been pasted on top of the form, partly covering the words "Client" and "Reference" on the left-hand-side. Like a cheque, the ECS mandate is a negotiable instrument, so how can it have a pasted-on layer? Aren't negotiable instruments rejected by banks if there is pasting, over-writing etc.? This ECS mandate defies commonsense!)
Using this dubious ECS mandate, Justdial started guzzling money from Pure Energy Academy's bank account. Justdial encashed both the cheques on 3rd June, and debited Rs 1040/- on 30th June by ECS – three debits in the first month of the contract. Despite Sanjeev telling them to terminate the contract, Justdial debited Rs 1040/- in July, August and September, plus Rs 110/- twice in September. Within four months, Justdial took payment for more than six months.
See Statement of Account below.
Pure Energy Academy's stop-payment instructions over net-banking and email, starting 31st August, were ignored, sidestepped and buck-passed by HDFC Bank. The bank stopped the ECS mandate only on 10th October. The bank's actions of commission and omission need a closer scrutiny.
How HDFC Bank turned a blind eye
1) HDFC Bank did not seek its customer's confirmation of this ECS mandate. Although the ECS mandate presented by Justdial defies logic (allowing unlimited withdrawals for 14 years) Defying RBI's clear directions, HDFC Bank never sought Sanjeev's confirmation of the ECS mandate. Had this basic step been taken, many clear signs of forgery and contradictions between Justdial's contract and the ECS mandate would have come to light.
2) HDFC Bank did not send him SMS alerts when money was debited by Justdial. So Sanjeev did not notice this unusual activity until 31st August, 2016, when he got his accounts statement. Then he raised an alarm, wirinting to both Justdial and HDFC Bank executives. Both responded with delaying tactics, vagueness and buck-passing.
3) HDFC Bank managers are inadequately trained, ill-informed and non-committal. The bank managers clearly did not know where the original instrument i.e. ECS/NACH mandate, was to be found. The Belapur Banch Manager and others kept giving false promises, saying that they had initiated the process of getting the original ECS mandate, and it would land on their table within a few days. They contradicted themselves and each other repeatedly in this and other ways. Finally, on 15th October, they washed their hands off the whole problem, arguing that since NPCI had the original copy of the mandate, they were not authorized to access it. What the HDFC Bank managers advised Sanjeev was, "Let the police register an FIR against Justdial, then they will requisition the original copy of the ECS mandate from NPCI and scrutinize it as part of their investigations. We are no longer involved in your problem." However, they said this orally and refused to put it down in writing.
HDFC Bank refuses to compensate Pure Energy Academy by reversing the debits. After belatedly examining the copy of the ECS mandate on 3rd October, it became clear to the branch manager and others that this was a case of fraud and forgery, but they refused to take any action. Their final stand is that Sanjeev must file a police complaint. If and only if the police register an FIR against Justdial, HDFC Bank will consider reversing the debits. This also is only a feeble oral statement, and the bank's managers are unwilling to even talk about it with any certainty.
But what if the police does not register FIR? Suppose the police takes the stand that this is a banking issue, and therefore, they have no understanding of it, and therefore, Sanjeev should complain to appropriate authorities in the banking domain? Then Sanjeev will effectively be left with no remedies, and Justdial will get away scotfree! For HDFC Bank, however, it will just be business-as-usual.
ISSUED IN PUBLIC INTEREST BY Krishnaraj Rao 9821488114 firstname.lastname@example.org