A developer has been charged for allegedly defrauding Motilal Oswal Finance Ltd by selling mortgaged property used as collateral for a Rs 158 crore housing project loan. The developer, Ramakant Jadhav, is accused of illegally selling a 4.9-hectare plot pledged to the finance company. Police have declared Jadhav absconding after he became untraceable.
Mumbai police file chargesheet against developer for cheating Motilal Oswal Finance
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