Mumbai, Nov. 1 -- Mumbai Police have arrested builder Neeraj Kakad and his associate Vikas Kadam for allegedly cheating a Khar-based contractor of Rs 9.57 cr and issuing violent threats, officials said. The duo was produced before the Bandra court, which remanded them to police custody.
The complaint, filed by civil contractor Sohail Subedar, a partner in Khalifa Infrastructure LLP, stated that he was introduced to Kakad in 2020 through a mutual contact. Subedar's firm was awarded structural and finishing work for the Naik Kakad Niwas housing project in Bandra West with completed work valued at Rs 9.57 crore, excluding GST.
According to the FIR, a Memorandum of Understanding was signed on December 24, 2020, under which Subedar was to rece...