Ambazari police in Nagpur have initiated an investigation following allegations from a female co-promoter of a real estate company. She claims that a fellow co-promoter forged her signature to misappropriate Rs 1.17 crore from their company’s bank account. The case highlights ongoing concerns regarding financial misconduct in the real estate sector.
The complainant and accused Ashish Kahate (40), a resident of Deendayal Nagar, had floated a private firm in 2012. She held a 30% stake in the firm. A client credited Rs1.17 crore into the firm’s account as payment for work done.
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