Karnataka Police arrest Mantri Developers MD, son


Bengaluru, Sep 11 (IANS): Criminal Investigation Department (CID) has arrested Mantri Developers Group President and Managing Director Susheel Mantri and his son Prateek Mantri on the charges of cheating crores of rupees to customers, sources said on Sunday.

CID sources said they will file a petition before the court on Monday to seek the custody of the accused for further investigation. Both have been sent to judicial custody. CID Additional DGP Umesh Kumar said that a comprehensive investigation would be taken up in the fraud case.

The accused had allegedly promised customers in Bengaluru to build flats at cheap rates and collected Rs 75 lakh to Rs 2 crore. However, they did not keep their promise.

The customers lodged 12 complaints with the Cubbon Park police station, Subramanyapura police station and Yeshwanthpur police station limits against the Mantri Developers in Bengaluru in 2019.

The state government had ordered a probe into the cases by CID. The sleuths have taken the land documents into their custody. The accused Susheel Mantri was arrested by the sleuths of the Enforcement Directorate (ED) recently. He had obtained bail in that case and came out from the prison recently.

Mantri Developers is a real estate company which develops properties in Bengaluru, Chennai, Hyderabad and Pune.

 

 

 

 

 

 

  

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Comment on this article

  • AJ, Mangalore

    Mon, Sep 12 2022

    Maybe 40% commission has still not reached the top mantris pocket..so chota mantri is.now in trouble..

    DisAgree Agree [2] Reply Report Abuse

  • Rita, Germany

    Mon, Sep 12 2022

    Nothing is happening to them.Thy know how to comeout and where to warm up.Came out on bail ?Will disappear with money to foreign countries .They will apply as gone loss and noone will hear from them .Buyers are at loosing end .Everybody is trying to cheat where he can.

    DisAgree Agree [1] Reply Report Abuse

  • Pinto, Mangalore

    Sun, Sep 11 2022

    What about our ruling party which has made promises and looted the country of trillions. Will not they be convicted ??

    DisAgree [1] Agree [14] Reply Report Abuse

  • G Fernandes, Mangalore

    Sun, Sep 11 2022

    The poor buyers are always in trouble from the hands of developers and after occupying the apartment hands of building society committee members total loot and cheat due to weakness of our judicial system this is the reality of all over India!

    DisAgree Agree [13] Reply Report Abuse

  • Jossy Tauro, Mangalore

    Sun, Sep 11 2022

    Because of Top Mathris support these type of manthris do anything to lure people

    DisAgree [2] Agree [24] Reply Report Abuse

  • Felix, Udupi

    Sun, Sep 11 2022

    Why the government not bringing te Escrow account rule...ah but once Escrow account rule brought in 40% can't be collected...

    DisAgree [2] Agree [20] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sun, Sep 11 2022

    What is the use of arresting without innocent buyers getting their hard earned money back??

    DisAgree [4] Agree [42] Reply Report Abuse

  • Dev, Mangalore

    Sun, Sep 11 2022

    Exactly, we have seen many financial scamsters or folded up company owners & directors are put behind bars without bail despite getting all their accounts frozen & their assets seized. What's the use of keeping them behind bars & feeding them without any judgement by any courts? Those who murder get bails but not economic offenders who serve no purpose by being kept in prison unless the courts punish them. Recent example is that of a 27 outlet store with co-operative operation to collect money & providing higher returns to the investors than banks. Malaika Electronics was its name & had a very big presence in Mangalore too. It folded up in Covid lockdowns & its Directors & founders are still languishing in Maharashtra jail. I wonder how many retired persons & middle income people are waiting to get back their money invested in it. Hope the govt. changes its rules & fast tracks recovery of money invested in land & real estate & refund the money within a year, so that people would survive instead of waiting for years without any other source of income.

    DisAgree Agree [8] Reply Report Abuse

  • Dinesh, Dubai

    Sun, Sep 11 2022

    The police will not catch the real MANTRI of 40% Govt who is involved in this scam.....

    DisAgree [5] Agree [50] Reply Report Abuse

  • real kujuma, kodial

    Sun, Sep 11 2022

    acche din for chors.....lootere..rapists including kavi dharis

    DisAgree [16] Agree [56] Reply Report Abuse


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