Online edition of India's National Newspaper
Wednesday, Jun 01, 2011
ePaper | Mobile/PDA Version
Front Page |
Tamil Nadu |
Andhra Pradesh |
New Delhi |
Other States |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
KOCHI: The investors of city-based builders Apple A Day Properties have decided to wait till the High Court decides on the anticipatory bail moved by the managing partners of the company. The bail petition moved by K.A. Saju and C. Rajiv Kumar comes up for hearing on Wednesday.
One of the members of the newly formed Big Apple Buyers' Association said that legal aspects would be looked into on the basis of the decision.
Nearly 60 per cent of the investors are abroad and many are not aware about the cases being registered despite wide coverage in the media.
While Association members expressed concern that one of the sub-inspectors refused to accept complaint filed as email, police sources said that they have started accepting complaints filed from abroad through emails. Already 66 cases have been registered and many more complaints are waiting to be incorporated into the First Information Report.
Meanwhile the investigating officers have found that bank accounts operated by the builders have been drained off funds.
Teams of police officers have been asked to check whether the builders operated more accounts and so far details have not been collected, said a senior official of the team.
The police team has also requested the Regional Transport Office to collect the details of vehicles owned by both the accused and in the name of the company.
Five teams of police officers, drawn from Town North, Palarivattom, Eloor, Cheranalloor and Mulavukadu police stations have been formed under K.M. Anto, Assistant Commissioner of Police, Ernakulam and M. Remesh Kumar, Circle Inspector, Town North to probe the cases.
Both the police and investors maintained that the number of complaints would be go up manifold.
Most of the complaints have been lodged against the delay in completion of Big Apple and New Kochi, a township project proposed at a rural area of Alappuzha district. The builders have announced five other projects, which are yet to take off. It is learnt that the construction activities at work sites stopped nearly two years back.
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |
Copyright © 2011, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of