Dheeraj Wadhawan has been a whole-time director of RKW Developers since 2007. In the same year, it bought 9,500 fully paid equity shares of RKW Developers for Rs 95 lakh. One document pertaining to the list of allotment of equity shares of RKW Developers showed that Sunblink “allotted 9,500 shares” at Rs 1,000 each.In 2010, Sunblink invested Rs. While Juhu Investment is now known as Juhu Real Estate Developers, Golden Beach Hotels & Resorts is now known as Golden Beach Infracon. “The said bank has filed a complaint for criminal conspiracy and forgery under the Indian Penal Code against Merchant and the matter is being probed.”

Source: Economic Times October 21, 2019 01:30 UTC