EOW Takes Over Probe Into Alleged ₹100 Crore Powai Land Fraud; 8 Booked Over Ownership Claims & Property Deals
Mumbai: The Economic Offences Wing (EOW) has taken up an investigation into an alleged Rs.100 Crore Property fraud. In this case the Powai Police have registered a case against eight persons, including members of the Khandelwal family, directors of private companies and developers, for allegedly conspiring to fraudulently claim ownership of a prime 1.33-acre portion of land in Powai and executing…
The Economic Offences Wing (EOW) has initiated a probe into an alleged Rs.100 Crore property fraud allegedly involving a 1.33-acre portion of land in Powai, Mumbai. Eight individuals, including members of the Khandelwal family, directors of private companies and developers, have been booked in the case. According to the FIR filed by businessman Narottam Chittaranjan Sharma, the disputed property is part of a larger 3-acre and 20 gunthas parcel in Powai, which his grandfather acquired leasehold rights over in 1948.
The EOW investigation is centered around the fraudulent transfer of ownership of the 3-acre-20-guntha portion to Smit Properties Pvt. Ltd. and subsequent transactions involving the land.
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