DSKDL

AcronymDefinition
DSKDLDS Kulkarni Developers Limited (Pune, India)
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Investigations revealed that the DSKDL purchased land at Fursungi near Pune at a total cost of Rs 332 crore between 2006 and 2009 for the development of a special economic zone (SEZ) project.
"As part of our probe into the cheating case against Kulkarni, it came to light that these bank officials colluded with DSKDL by misusing their powers and authority with dishonest and fraudulent intention to sanction and disburse the amount under the garb of a loan," said Sudhir Hiremath, Deputy Commissioner of Police (Cyber and Economic Offences).
The rating revision follows the delay by DSKDL in servicing the principal repayment obligations of its term loans.
The accused have fraudulently projected these partnership firms to be part and parcel of DSKDL. Although, these eight partnership firms didnaACAOt have any profit generating business nevertheless the accused persons in connivance with others, dishonestly induced the gullible public and collected funds from them in the guise of different deposit schemes through these eight partnership firms.Ee
Chartered Accountant of DSKDL, Sunil Ghatpande and Rajiv Newaskar, vice president of the Engineering Department of the DSKDL were also been arrested.