Mumbai police arrest Kolhapur developer in Rs 55 crore Versova scam
Mumbai police arrested a Kolhapur developer for a Rs 55 crore fraud. Amrut Uttam Mahendrakar allegedly helped forge documents to mortgage and sell flats belonging to society members. These flats were part of a redevelopment project in Versova. The developer secured bank loans using these fraudulent transactions. This is the second arrest in the case.
