Construction Tycoon Vishal Agarwal Arrested for Defrauding 72 Apartment Owners

Construction Tycoon Vishal Agarwal Arrested for Defrauding 72 Apartment Owners

Vishal Agarwal faces further legal challenges as a new case has been registered against him at Hinjawadi Police Station under the MOFA Act.

Pune: Vishal Agarwal, a prominent construction businessman, was granted bail by the court on Tuesday (July 2) in a case involving the Kalyaninagar accident. Agarwal and his father Surendra were accused of threatening a motorist to take the blame for a minor. However, immediately after being granted bail, Vishal Agarwal was arrested by Pimpri-Chinchwad police for defrauding 72 apartment owners in Bavdhan under the Maharashtra Ownership Flats (MOFA) Act.

In the Kalyaninagar case, motorist Gangadhar Herikrub was coerced by the Agarwal duo to take responsibility for an accident caused by a minor. They allegedly confined Gangadhar in their bungalow. Subsequently, the Yerawada police registered a case against Vishal and Surendra Agarwal.

Judicial Magistrate (First Class) N. S. Bari granted them bail on a personal bond of ₹50,000 each with conditions that include reporting to the police station twice a week, not leaving Pune district, surrendering their passports, and not pressuring witnesses.

After a month in jail, Surendra Agarwal is now set to be released following the bail decision. However, Vishal Agarwal remains in judicial custody at Yerawada Jail due to another ongoing investigation concerning the tampering of a minor’s blood samples, for which bail has not yet been granted.

Vishal Agarwal faces further legal challenges as a new case has been registered against him and his associates at Hinjawadi Police Station under the MOFA Act. They are accused of defrauding 72 apartment owners of the Nancy Brahma Co-op Housing Society in Bavdhan.

Agarwal was arrested and presented before First Class Magistrate V. P. Khandare, who ordered police custody until July 5th. Assistant Public Prosecutor Vijaysingh Jadhav represented the prosecution.

The allegations date back to 2007 when 71 individuals purchased apartments in the Nancy Brahma Co-op Housing Society. Agarwal and his associates are accused of altering the approved map of the society’s amenity space and parking areas to construct an 11-story building without the permission of the society’s members.

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