India, June 6 -- The Dindoshi police have booked a construction company and two people for allegedly cheating a construction businessman of Rs.5.97 crore by luring him into investing in a redevelopment project in Malad East and promising him 11 flats. The case has been transferred to the Economic Offences Wing of the Mumbai police (EOW) for investigation.

The duped businessman, Vipul Narsi Bhavani, 46, a resident of Upper Govind Nagar, Malad East, complained to the police that in 2015 he was approached by the Padmavati Maitri Corporation's Apurva Paresh Shah and another unknown person.

Bhavani told the police that Shah and his accomplice had initiated a redevelopment project under the name of Maitri Gaurav Co-operative Housing Society a...