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Maharashtra News

The Times of India

Maharashtra / The Times of India

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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.

11 Mar 2026 7:21 am