More troubles for DSK as Kirit Somaiya demands CM to inquiry into DSK’s financial irregularities

Troubles for Pune based real estate developer DS Kulkarni who is facing financial crunch seem to be far from getting over. While hundreds of investors are queuing up at Kulkarni’s office every day to get their money back, the BJP MP Kirit Somaiya now has written a letter to Maharashtra Chief Minister Devendra Fadnavis demanding an inquiry in the alleged financial irregularities in DSK company.

DS Kulkarni, also known as DSK, has become a household name in the city for his rags-to-riches journey. DSK, who once sold delivered newspaper and milk, became a chairman and managing director of multi crore group that deals with not only real estate but also automobile.

However, from last few months, he has been facing financial crunch after his business has gone down. Some DSK group employees have claimed that the employees provident fund deducted from their salaries have not been deposited in the EPF account. Some employees have also claimed that they have not got their salaries from last few months.

Apart from that, there are thousands of people who have deposited money with DSK as fixed deposits with the interest rate at around 14 per cent. However, hundreds of such investors are queuing up at DSK’s …read more