Karnataka CID arrests Mantri Developer’s head for defrauding Home buyers

Dr B Thomas (Special Correspondent)

The CID has arrested Sushil Mantri from Karnataka, the founder of Mantri Developers,for defrauding home buyers and diverting the money and funds collected from them for his personal use.

Sushil Mantri has recently come under the scrutiny of several investigative agencies.In June, the ED arrested the company’s main promoter and director,Sushil P Mantri,on suspicion of money laundering.

Later, Mantri Developers induced home buyers with fancy schemes,showing misleading brochures,falsification of delivery timelines,and window dressing,but the flats have not been delivered even after seven to ten years of taking deposits from prospective home.