*Warning ⚠️: Modus Operandi of Dishonest Developers to Trap Managing Committees*
*A*. At first stage, Dishonest developers offer bribes to induce Managing Committee members.
*B*. Then after Developers release an initial installment of 5% to 10% of the promised bribe as advance payment to the Managing Committee Members to manipulate decisions compromising members' interests.
*C*. Avoiding Independent Advisors: Developers convince Managing Committee members to forgo appointing independent Project Management Consultants (PMC), advocates and ask them to proceed without any bank guarantee.
*D*. Convincing Members: The Managing Committee then tries to persuade members that no developer is willing to provide a bank guarantee for their Building's Redevelopment projects.
*E*. Marginalizing Dissenters: To sideline Dissenting Members, Developers offer unrealistic buy-back schemes to lure greedy members and
*F*. Fabricating Competition: Such Developers arrange fake competitive quotes to create a false sense of fair competition, convincing members that their offer is the best.
*G*. Signing Biased Agreements: Developers pay another installment of 5% to 10% of the bribe, convincing Managing Committee members to sign one-sided Development Agreements.
*H*. As a result:
*1*. The Managing Committee hides the biased draft Development Agreement from members until the last moment.
*2*. Members are only allowed to review the draft in the CHS office.
*Or*
*3*. Members are prevented from having the Copy of Draft Development Agreement vetted by their own trusted experts by giving it too late.
*4*. Pressure and threats are applied to force members into signing the unfair agreement as-is.
*I*. Power of Attorney Abuse: Developers compel the Managing Committee to sign sweeping Power of Attorney documents, granting unchecked control.
*J*. Forcing Evacuation: After obtaining the IOD, developers treat Managing Committee members as paid Agents, paying another installment of 5% to 10% and pressuring them to vacate the building.
*K*. Post-Demolition Betrayal: Once the building is demolished, Developers refuse or delay paying the remaining 70% to 85% of the promised bribe for various reasons.
*L*. Blackmail: Developers begin blackmailing Managing Committee members by threatening to expose the bribe deals if they do not cooperate.
*M*. Final Consequences: The Managing Committee becomes helpless puppets of the Developer for ever and forced to act against members' interests at every stage.
*N*. Realization Too Late: By the time the Managing Committee realizes the extent of the developer's deception, it is too late.
*O*. Member Suffering: All members suffer financial and legal fallout due to the dishonesty of the Managing Committee.
*P*. Member Actions: In future Members may indirectly boycott the corrupt Managing Committee’s family members and further can file criminal complaints in the Metropolitan Court to hold them accountable.
*Message to All Managing Committee Members*:
*A*. Do not compromise integrity. Accepting a bribe strips you of your power to act in members' best interests and makes you a tool for exploitation.
*B*. Protect members’ future with transparency, independent advisors, and strong legal safeguards at every stage of redevelopment.
*C*. You are risking your family's future for temporary, easy income.
*D*. Visit nearby stalled redevelopment projects and witness the current state of those societies and their committee members before accepting any bribe.
*E*. Ultimately, you will belong neither here nor there, waiting to face karmic punishment from God.
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