Mumbai: EOW Probes Alleged ₹14 Crore Fraud In Chembur Redevelopment Project
Mumbai: A major financial irregularity involving an alleged misappropriation of approximately Rs14 crore has come to light in connection with the redevelopment of Shivaji Nagar Co-operative Housing Society in Chembur. The complaint has been filed by 68-year-old real estate developer Surendra Kumar Sampatraj Surana, owner of Surana Construction Pvt Ltd. A case has been registered at Chembur police…
In Mumbai, the Economic Offences Wing (EOW) is investigating a reported fraud of around Rs14 crore linked to the redevelopment of Shivaji Nagar Co-operative Housing Society in Chembur. The case, registered at Chembur police station, stems from a complaint filed by Surendra Kumar Sampatraj Surana, a real estate developer. Surana alleged that financial irregularities occurred during the project, which began in November 2010.
According to the FIR, Surana claimed that Rs30 crore was sanctioned by Trust Capital but only Rs19.50 crore was disbursed, with an additional Rs38 lakh in processing fees. Surana also accused Mijit Ventures Pvt Ltd, directed by Jit Bharani and Mihir Bharani, and Darshan Ringshia of Trust Capital of allegedly selling commercial space below the agreed rate, causing an estimated loss of Rs9.20 crore.
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