Builder flouts joint venture agreement and threatens victim

Builder flouts joint venture agreement and threatens victim 1

Businessman AK Balaji (48) and Amrutakala G Pai (47), both residents of Hosapalya, have accused Ramesh Babu (68) and seven other unknown persons for cheating and threatening them. All the accused are residents of JP Nagar.

Apparently, Balaji signed a joint development agreement with Lepakshi Construction Corporation over his 75×120 feet land in Ellukunte village in 2004. According to the agreement, the builder was supposed to build a gated community in two years and give away 30% of the area to the site owner. However, even after two years, the builder did not build any structure and neither did he give away plots to the owner.

The site owner filed a petition in the court over this matter. Not able to digest this, builder Ramesh Babu allegedly took Balaji on a site visit to the contested area and threatened him with dire consequences if Balaji does not withdraw the court case. Ramesh allegedly surrounded Balaji with 6-7 other people, mouthed expletives and hit him with his hand.

On September 9, 2019, the HSR Layout cops registered a case of criminal intimidation (IPC 506), intentional insult (IPC 504), wrongful restraint (IPC 341), voluntarily causing hurt (IPC 323) and unlawful assembly (IPC 149).