A Number of Bangalore’s real estate tycoons are scurrying for cover after extortion threats from a former associate of underworld don Chhota Rajan. This is the first time prominent businessmen in India’s tech capital have been targeted by the organized crime.
The city’s realty tycoons are the helm of what was once one of the most lucrative property development operations in India, raking in margins as high as 40-45%. But the timing of the extortion calls — coming amid an unprecedented business slowdown — has perplexed them.
To read more, please, visit - J Padmapriya & Boby Kurian-The Economic Times
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