He was replying to a debate on a starred question raised by Kiran Pawaskar (NCP) and others related to cheating of consumers by N D Devcon Developers in Kanjurmarg, during Question Hour.
"The government will amend the MPID (Maharashtra Protection of Interests of Depositors in Financial Establishments Act, 1999) in order to protect the interests of investors," Fadnavis said.
He told the Upper House that one of the accused in the Kanjurmarg case has been arrested and 18 of his bank accounts have been sealed.
Replying to supplementary queries, Fadnavis said in order to provide relief to affected consumers, the government will decide on whether to allow the consumers to develop a stalled housing project on their own or hand it over to the MHADA (Maharashtra Housing and Aread Development Authority) for completion.
Replying to a supplementary query from Praveen Darekar (BJP), Fadnavis said a decision would soon be taken to hand over stalled housing projects to the MHADA.
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