Mumbai: EOW Arrests Kamala Mills Owner for Fraud
ECONOMY & POLICY

Mumbai: EOW Arrests Kamala Mills Owner for Fraud

Mumbai Police's Economic Offences Wing (EOW) arrested Ramesh Govani, owner of Kamala Mills and a real estate developer, in a Rs 670.50 million fraud case. Govani, who is also a director of a private land development company, was accused of purchasing a project in Mumbai's Khardanda area but failing to pay the Rs 670.50 million consideration amount to the complainant. Despite repeated demands for payment, Govani allegedly ignored them, leading the complainant to approach the EOW and file a complaint.

Following the complaint, a case was registered against Govani under sections 409 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), and 34 of the Indian Penal Code. Govani was summoned for questioning at the EOW office, where he was subsequently arrested for his alleged involvement in the fraud case.

This is not the first time Govani has faced legal troubles. He had previously been arrested in connection with a devastating fire that occurred on December 29, 2017, at two rooftop pubs in the Kamala Mills compound in central Mumbai. The blaze resulted in the deaths of 14 people.

Mumbai Police's Economic Offences Wing (EOW) arrested Ramesh Govani, owner of Kamala Mills and a real estate developer, in a Rs 670.50 million fraud case. Govani, who is also a director of a private land development company, was accused of purchasing a project in Mumbai's Khardanda area but failing to pay the Rs 670.50 million consideration amount to the complainant. Despite repeated demands for payment, Govani allegedly ignored them, leading the complainant to approach the EOW and file a complaint. Following the complaint, a case was registered against Govani under sections 409 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), and 34 of the Indian Penal Code. Govani was summoned for questioning at the EOW office, where he was subsequently arrested for his alleged involvement in the fraud case. This is not the first time Govani has faced legal troubles. He had previously been arrested in connection with a devastating fire that occurred on December 29, 2017, at two rooftop pubs in the Kamala Mills compound in central Mumbai. The blaze resulted in the deaths of 14 people.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement