Nilesh Raikar, the prime accused in Kamaxi Forex cheating case has around 17 properties across Goa which includes the apartments and plots. The Judicial Magistrate First Class, Margao has issued the orders of barring the sale and purchase of all the properties held by Raikar. Here are the details of the properties held in Goa by Raikar. Read the complete report here.
Based on the information available from reliable sources, the JMFC Margao, had issued the order on Tuesday for barring the sale and purchase of Raikar’s properties in Goa. Raikar apparently holds around 17 properties in Goa. Raikar has duped more than 450 people (investors) from Goa to the tune of crores. most of them are sailors.
JMFC on Tuesday issued the letters to District Magistrates of South as well as North Goa with the copies to Sub-registrars of Panaji, Margao and Mapusa directing them to not to allow purchase and sale of any of the 17 properties held by the accused in his names.
The EOC (Economic Offence Cell) of Goa Police had moved an application to JMFC Margao asking the court not to allow purchase or sale of all the 17 properties owned by Raikar.
According to police, Raikar owns 4 flats and 5 shops in Margao, two plots (land around 1,000 sq mt) in Betalbatim, one shop in Panaji, one shop and one flat in Mapusa as well as in Calangute. However, the court did not consider one asset as it was an ancestral property.
According to the sources, most of the properties are mortgaged by him to the various banks in Goa towards the loan secured by him to repay his investors. Owner of Kamakshi Forex, Raikar (43) has been accused of duping around 445 people by floating illegal Fixed Deposit (FD) schemes and promising them total returns of approximately `29 crore so far.
This amount, however, is the maturity amount assured to the investors and the police have yet to ascertain the principal amount. In addition to this, it has also been learnt that investors had demanded for registration of individual complaints. However, upon seeking legal opinion, EOC has ruled this out.