Six years after a massive real-estate scam perpetrated by Dreamz-GK Infra Pvt Ltd was uncovered in Bengaluru, the Criminal Investigation Department (CID) has finally filed a chargesheet in the case. The chargesheet was filed in the CCH Special Court in Bengaluru.
On Thursday, the CID sleuths filed a 16,000-page chargesheet against Sachin Naik and 10 other associates, including his former wife Disha Choudhary, his wife Mandeep Kaur, financiers Venkatesh, Sanjay, Jayashankar and four managing directors of the various companies he had set up.
“Sachin Naik and his associates have duped 3,700 people across Karnataka to the tune of Rs 375 crore. He promised the buyers a luxury flat at the cost of Rs 15 lakh. We have filed a chargesheet under the Karnataka Protection of Interest of Depositors Act. We have taken statements from 345 witnesses for this case,” a CID officer said.
CID sleuths probing the case had seized computers and hard drives from Sachin Naik’s properties. Investigators say that the drives were wiped clean even before the CID seized them.
“We have managed to recover the data. We have obtained information on over 15 bank accounts he operated. We have forwarded the same to the Income Tax Department. We have also seized documents related to properties Sachin owns. We have solid evidence to prosecute him and his aides,” the CID source added.
Sachin Naik’s procured confession
CID sources say that Sachin Naik set up Dreamz-GK in order to ensure a secure future for his children. “In Dreamz-GK, G and K stand for Gauri and Krishna, his children’s names,” the CID official said.
According to Sachin Naik’s procured confession, he married Disha Choudhary in 2002 in Mumbai. Back then, the duo were real-estate agents.
“We had dreams of offering a luxury life to our children and we established Dreamz-GK in Bengaluru, with Disha as the MD. But our marriage did not last; so Disha left for Mumbai with the children. In 2014, I married Mandeep Kaur and made her the MD of another company called TGS. Both companies became extremely profitable, so I established a third company, Gruha Kalyan,” Sachin Naik’s procured confession reads.
Sachin Naik allegedly paid Rs 30 crore, obtained from investors, to three financiers in Bengaluru in order to retain their services. Sachin Naik’s confession states that he gave Rs 25 crore to Disha Choudhary, spent Rs 65 crore to advertise his housing scheme, Rs 45 crore as remuneration for employees in his firms, invested Rs 10 crore in the production of Bollywood film Anuradha starring Disha and Rs 8 crore for his children’s naming ceremonies.
“We believe he pocketed the rest of the money. Besides, one of the accused financiers, Jayashankar is absconding and we were unable to produce his statement in the chargesheet,” the CID source said.
On August 3, the petitoners had requested the court to transfer the case to the CBI, owing to the snail-paced investigation. D Nagaraj, the lawyer representing the state, had said that a chargesheet would be filed soon. “We have solid evidence and a good case,” the CID source said.