Five held for bid to extort ₹11 crore from builder in Bandra: A practical reader guide

Five held for bid to extort ₹11 crore from builder in Bandra: A practical reader guide

The alleged extortionists used gangster Chhota Rajan’s name to intimidate the builder and extort ₹ 11 crore from him in exchange for allowing him to redevelop the property. MUMBAI: Five people have been arrested for attempting to extort money from a builder seeking to redevelop a prime plot in Bandra.

However, the family had demanded ₹ 7 crore from the builder, to vacate the premises,” said a police officer. They allege that the land, worth ₹ 250 crore, was handed over to the developer without consulting the residents. They claim the building was reclassified from a repairable C-3 structure to a dangerous C-1 structure.

At one point, another developer, Rajvinder Singh of Rajlakshmi Companies had written to the archdiocese, claiming there was an agreement between him and the Steven family and the agreement with Diljay Properties Developer should therefore be cancelled. “The Bombay High Court has ruled that the Steven family does not have any right to the land and only has possession of the house. The BMC had declared the structure dangerous. The Steven family has alleged they have partial tenancy rights over the property.

Police said the Archdiocese of Bombay owns the plot and the Steven family live in a house on the land.