Daijiworld Media Network - Udupi (SP)

Udupi, Jan 7: In an incident which took place within the limits of Manipal police station, a firm was allegedly cheated to the extent of Rs 14.15 crore with the help of fraudulent documents.

A Mumbai-based concern owned by Suresh Bhandary had entered into an agreement with Dr Kshama Hegde, Sudhir Kumar P Hegde, and Vijayalaxmi Hegde for building an apartment complex in a stie at Manipal. Both the sides had entered into an agreement on November 24, 2008.

It is said that before preparing the agreement, the accused had produced fake documents and map of the site, produced the same before the government authorities, and got land conversion done. Later, in violation of the joint development deed terms, they had given 46 cents of land out of 2.11 acres of land in survey No 345 at Manipal to Udupi municipality by way of donation deed.

These things have come in the way of executing the plan as envisaged by the firm belonging to Suresh Bhandary at the said site. His concern has suffered loss of Rs 14.15 crore, it has been alleged in a private complaint filed in the court. The firm has alleged that the individuals with whom it entered into an agreement have violated agreement terms and cheated the firm.