Two Men Charged with Defrauding Developer of Rs 5 Crore in SRA Project
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Two Directors Booked for Rs 5 Crore SRA Project Cheating in Malad
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News18•20-02-2026, 22:45
Two Directors Booked for Rs 5 Crore SRA Project Cheating in Malad
•Two directors of Shah Housecon Private Limited, Mansukh Shah and Akash Mansukh Shah, booked for allegedly cheating a developer of nearly Rs 5 crore.
•The fraud involved a Slum Rehabilitation Authority (SRA) project in Malad, Mumbai.
•Developer Nilesh Narendra Raghani invested Rs 5.15 crore based on a proposal for the Khothodongri SRA Society redevelopment project.
•The accused failed to clear slum structures or project title; Raghani later discovered the plot ownership was with a charitable trust, not the accused's company.
•The case has been transferred to the Economic Offences Wing (EOW) for further investigation.
