Builder DS Kulkarni appeals for money through crowdfunding

Sakal Times
Friday, 9 February 2018

Pune: Builder DS Kulkarni, who has been accused of cheating thousands of investors to the tune of Rs 1,500 crore, on Thursday appealed to people to rescue him from the financial crisis, by donating him money. After getting money through crowdfunding, he will pay back the investors.

Kulkarni was addressing media persons during a press conference at his office on JM Road. He was accompanied by US-based businessman Mandar Joglekar who has started Global SETU Foundation to assist Kulkarni.

Pune: Builder DS Kulkarni, who has been accused of cheating thousands of investors to the tune of Rs 1,500 crore, on Thursday appealed to people to rescue him from the financial crisis, by donating him money. After getting money through crowdfunding, he will pay back the investors.

Kulkarni was addressing media persons during a press conference at his office on JM Road. He was accompanied by US-based businessman Mandar Joglekar who has started Global SETU Foundation to assist Kulkarni.

In the United States of America (USA), Joglekar said that crowdfunding has proved to be the most effective mediums in bailing sick companies and individuals out of financial crisis.

“DSK has very high brand value and people know that DSK will not cheat them. We will raise the money and DSK Group will bounce back successfully,” he said.

When asked where has all his money gone, Kulkarni said, “The matter is currently sub-judice. We have filed an affidavit before the Mumbai High Court and given all the information. I don’t want to talk about it in public now.”

When asked about the donations, Kulkarni added, “I am not begging. I am asking for help. People from various social strata have already started donating money and we have collected about Rs 9 lakh till now.”

After Kulkarni’s conference, activist Vijay Kumbhar, who helped investors get various documents through RTI, said, “Earlier also, he had sought funds in the name of Brahmin, Marathi Manoos and Marathi industrialist. What happened to those funds?”

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