Director of Jham Builders arrested
| Date :15-Sep-2019 |
Special Correspondent :
Involved in Rs 38.75 cr bank loan fraud and duping investors of crores of rupees, Hemant Jham was evading arrest warrant issued against him by consumer forum
CP announces Rs 20,000 reward to the team of Unit-I of crime branch
HEMANT Sikander Jham, Director of Jham Builders and Developers, who duped over 400 investors of crores of rupees and was absconding for the past two years, finally landed in police dragnet on Saturday. A resident of 202, Orchid Bloom Apartment, Sai Nagar, Sonegaon, Jham (33) was arrested by Unit-I of crime branch from his house. Also an accused in the infamous Rs 38.75 crore Navodaya Co-operative Bank loan fraud case, Jham’s 30 acre land worth Rs 40 crore at Waghdhara in Hingna Tehsil was seized by the police allegedly for not returning Rs six crore to about 400 investors in June 2017. An offence of cheating and criminal breach of trust was registered against Jham Builders and Developers at Sonegaon Police Station in October 2015 following a complaint lodged by Shrikant Janbandhu. The complainant was among the 418 investors who had booked flats, row houses or bungalows at Kanhaiya City, a project launched by the Jham Builders in 2010.
After some investors had moved the District Consumer Disputes Redressal Forum, about 250 summonses and warrants were issued against him but he had not appeared before it. Even an arrest warrant was also issued against him. Commissioner of Police (CP) Dr Bhushan Kumar Upadhyay had directed crime branch to launch a search for Hemant Jham. A team of Unit-I of crime branch led by senior PI S V Khandekar, under the supervision of CP Dr Upadhyay, Joint CP Ravindra Kadam, Additional CP Nilesh Bharne, DCP (Detection) Gajanan Rajmane and ACP (Crime) Sudhir Nandanwar trapped Hemant Jham and took him into custody.
The Economic Offences Wing of the crime branch would now arrest Hemant Jham for his alleged involvement in Navodaya Urban Co-operative Bank Limited scam. A case under Sections 406, 409, 420, 120(b), 465, 467, 468, 471, 477 (a) of the Indian Penal Code, read with Section 3 of Maharashtra Protection of Interest of Depositors Act and Sections 65, 66 (b) of Information Technology Act, has already been registered against the bank chairman, board of directors and others at Dhantoli Police Station. City Police Chief Dr Updhyay has announced a cash reward of Rs 20,000 to the team of Unit-I for arresting Jham.