Vashi builder, wife booked for fraud

The Economic Offences Wing, Unit 1, have booked N.K. Bhupesh Babu, a Vashi-based builder, and his wife Preetha for cheating around 15 people of Rs. 2.83 crore by promising flats at their housing project in Taloja.

An officer said, “All victims paid 95% of Rs. 20 lakh, the price for a flat, and started paying the EMI. After work on the project started, the plot came under the Navi Mumbai Airport Influence Notified Area project of CIDCO, but Mr. Babu did not pay the developmental charges.”

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