DS Kulkarni Developers Ltd. owners are accused of cheating more than 30,000 investors of more than ₹2,000 crore, the Hindustan Times reported. The case is being investigated by the economic offences wing (EOW) of the Pune police. Pune Investors in the DS Kulkarni group of companies have demanded that the Enforcement Directorate (ED) investigate alleged payments made by DSK firms to various money lenders and brokers. A consortium comprised of Ashdan Properties, Classic Promoters and Builders and Atul Builders will take over the debt-ridden group through the insolvency process. DS Kulkarni Developers Ltd. owners are accused of cheating more than 30,000 investors of more than ₹2,000 crore. The case is being investigated by the economic offences wing (EOW) of the Pune police. DSK investor Sanjay Ashrit said, “All those who have invested in DSKDL properties stand to gain due to the latest development. However, other investors like us who invested in DSK shell companies will also get back their money provided the case is handed over to the Enforcement Directorate. We are very positive about the entire process and investors will get their money back.” Complainant Jitendra Mulekar, who had lodged an FIR against the DSK group, said, “Currently only DSKDL investors will get back their money, while those investors who have invested in the shell companies will have to wait for a while. We want the refunds to be initiated at the earliest.” Manoj Kumar Agarwal, a resolution professional, on August 13 informed the listing compliance department of the Bombay Stock Exchange (BSE) and the National Stock Exchange about the approval of the resolution plan involving DS Kulkarni Developers. Read more.