"The housing scheme by Maple Group is bogus and the developer, through a well-designed scheme, tried to present his project as government's project. However, we immediately raised the question and within 48 hours, a case was registered against him (developer)," Somaiya said on the sidelines of a lecture on 'Fight against Corruption'.
When asked about the action against Maple Group CMD Sachin Agarwal and other accused, he said that he had met Maharashtra Housing and Area Development Authority (MHADA) and police officials and sought details of the case.
Meanwhile, officials of the economic offences wing of Pune Police said that as per the latest information, approximately 32,000 people had registered in the housing project.
"We have discovered one more bank account, which has been frozen," said an officer.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
