A day after Pune Police's Economic Offence Wing conducted searches at the offices and residence of city-based developer D S Kulkarni, the force has written to banks to "freeze" around 70 accounts of his real-estate group.
Meanwhile, the police said the number of complainants' have soared to around 600 on Friday.
"We have written to the banks and asked to freeze around 70 accounts of the real estate group and today the number of complainants rose to around 600," DCP (cyber & economic offence wing) Sudhir Hiremath said.
IPC sections 409 (criminal breach of trust), 120B (criminal conspiracy) and relevant sections of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 have been added in the FIR.
Sources from the EoW told PTI that they have also notified agencies like Enforcement Directorate, Securities and Exchange Board of India (Sebi) and sub-registrar offices regarding the case against D S Kulkarni, popularly known as DSK.
"Since DSK is a listed company, SEBI was informed. Since ED looks after money laundering, they too were notified about a case and to prevent further property dealings of the group, sub-registrar offices where the property transactions are registered, are also informed," said a senior police official from EOW.
A case was registered against Kulkarni and his wife Hemanti on October 28 on a complaint by 65-year-old Jitendra Mulekar that he did not get back his investment from Kulkarni's real estate group.
According to some complainants, there are around 8,000 depositors who have invested with the group's fixed-deposit scheme but they neither got their money nor the interest from the developer.
Following the first complaint by Mulekar, police received scores of complaints from depositors who claimed that they did not get back their money back from the developer.
Based on the complaints, searches were carried out at the developer's offices and residence on Thursday in the city to scrutinise the documents.
For past several months, all these investors, largely pensioners, have been queueing up at the developer's office here.
Meanwhile, Kulkarni has approached the court seeking anticipatory bail and the hearing on the plea has been scheduled on Saturday.
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