FIR filed against Rahul Yadav. I think there will be a Netflix series on him someday.

Soon for AshNooor ;-)

Here’s what he did- there is a property called Kanakia Paris in mumbai, slightly high end flats. He got his friends, family and other acquaintances to buy those flats at overvalued prices from a middleman who had bought these at Lower prices (overvalued price of 5 cr when the real price is 3 cr). Got all of these purchases financed by banks at higher price. Made a neat profit of 2 cr per apartment from which he spent some money on paying down payment and even a few instalments.
After paying a few instalments, all of them start defaulting on loan emi payments - now when the loan goes npa and bank goes to auction these properties, they will recover at max the real prices - so banks lost the money while he and his middleman profit.
Apparently a lot of broker network employees have bought flats there . So there goes, it is not just a story of startup failing, it’s an intentional fraud. He belongs to Tihar jail cell

Systemic chor!

Kuch nhi hoga. In such situations only the police who took the bribe to register a criminal case and the senior advocate who argues 482 petition make money.

Reminds me of the story when an advocate from Lucknow filed a FIR against Ritesh for a INR 700 dispute and Oyo spent xx to get it quashed. 🤣

Incase someone wants a link to the piece: https://inc42.com/buzz/fir-rahul-yadav-lookout-notice-eow-bank-account-frozen-home-loan-default/amp/

I would def watch it 🍿

Startup Ghotala ....

Hansal Mehta ko ye news do koi

V.C log dhakkan hain ya mile hue ?

He screwed up big time 🤬