KOLHAPUR: The economic offences wing (EOW) of Kolhapur police filed a 4,500-page chargesheet against Pune-based builder D S Kulkarni alias DSK, his wife Hemanti and son Shirish Kulkarni, indicting them of "pre-planned conspiracy" to cheat 350 investors in and around Kolhapur to the tune of Rs19.77 crore. "The chargesheet is based on the statements of 350 investors, who collectively invested Rs 19.77 crore in various firms floated by the developer," said R B Shede, investigating officer and deputy superintendent of police, EOW, Kolhapur police, on Tuesday. "We have prepared a detailed chargesheet mentioning that the accused were part of a pre-planned conspiracy to raise money from investors on the pretext of offering 12.5% annual return and divesting the money for other purposes," Shede said.
Kulkarni, Hemanti and Shirish, along with five other accused, are in judicial custody in the Yerawada jail in Pune in an alleged Rs 2,091.11 crore economic fraud being probed by Pune police's EOW. Police have already filed a chargesheet in this case.
Shede said that detailed statements of investors, who are complainants, and the money they had invested, period of investment and the returns they received and since when they have not received the returns have been mentioned in the chargesheet.
"We will continue to gather evidence to prove how the money was siphoned off and circulated from one project to the other. It led to a breach of contract between the investors and DSK," he said. A case was registered under section 406 (criminal breach of trust), 420 (cheating) and 34 (common intention) of IPC and section 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID) Act at Rajarampuri police station.