The Financial Crimes Unit of Mumbai has arrested Dharmesh Jain and Rajeev Jain, developers of Nirmal Lifestyle Company, for defrauding them of not handing over the flats even after taking money. In 2011, they collected around Rs 11 crore from 34 buyers by saying that they would give them flats in Olympia, Panorama and Spirit projects. According to the agreement, they should be handed over in 2017. But the flats were not given as days passed. The developers were arrested after a complaint was lodged with the police. After that, they were produced in the court.. They were remanded in police custody till May 3.
