Monday, July 29, 2019, 4:17 PM

Mantri Developers booked for cheating

A city-based businessman is among three investors who have filed complaints against Mantri Developers Pvt. Ltd. for allegedly cheating them of Rs 1 crore each by promising flats that would be delivered in 2016. The victims made a down payment of Rs 25 lakh, took Rs 75 lakh as loan and even paid EMIs for two years. However, neither was the flat given to them nor was the money returned, said Satyan R. Chawla, one of the complainants. The firm had promised them residential flats at Mantri Web City apartment complex on Hennur main road. Hundreds of customers made down payments and took loans for the rest of the money through a financial firm in 2014, the complainants said.