Cheating case: 'DSK, kin misappropriated Rs 184 cr in land deal'

Builder D S Kulkarni's brother Makrand, arrested in connection with a Rs 2,000-crore cheating case, had allegedly sold a land to DSK Developers at an inflated rate and "misappropriated" Rs 184 crore through the deal in connivance with the main accused, a court was told on Wednesday.

On the request of the prosecution that the police wanted to probe Makrand for this transaction and verify his bank accounts, Additional Sessions Judge A S Bhaisare remanded him in police custody till August 17.

Makrand (66) was detained at the Mumbai airport on Tuesday when he was about to fly abroad.

A lookout circular was earlier issued against him by the Pune police since he was on the run after his anticipatory bail plea was rejected by a court.

In May last year, the Pune police had filed a chargesheet against city-based builder D S Kulkarni, also known as DSK, his wife and others for allegedly cheating nearly 33,000 depositors and investors of nearly Rs 2,043.18 crore.

Makrand is also an accused in ...