Kumar loses court battle against former employee
Kumar's trustee company has lost out in a court battle with ex-employee Venugopal Chawdrapu relating to a property in Arabi St, Sandringham, according to high court documents.
The case dates back to 2004 when Chawdrapu asked Kumar to buy the property for him and rent it back out to him as a favour. Chawdrapu claimed Kumar offered to buy the property as a reward for his loyalty. Kumar argued he was helping Chawdrapu complete the purchase, after he had signed an unconditional agreement that he could not complete.
Chawdrapu claimed he and Kumar agreed a deal on the property, which involved Kumar taking a 100% mortgage, and Chawdrapu making the loan repayments and other costs. The deal, according to Chawdrapu, would involve Kumar officially handing over the property at a later date.
The property was purchased for $187,500. The parties agreed a tenancy agreement for $250 a week, but Chawdrapu paid $700 a fortnight to cover the loan costs.
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