EOW Books Director in Mumbai Fraud
ECONOMY & POLICY

EOW Books Director in Mumbai Fraud

The Economic Offences Wing (EOW) of Mumbai has registered a case against the director of Mid City Heightss, a prominent real estate developer, for allegedly being involved in a redevelopment fraud worth Rs 55 crore. The charges stem from complaints filed by residents of the redevelopment project in Mumbai, who accuse the developer of fraudulent practices in the execution of their redevelopment plans.

The accused director is alleged to have duped the residents by collecting large sums of money under the pretext of redevelopment but failing to deliver on the promises made. The residents had entered into an agreement with the developer for the redevelopment of their buildings, with the expectation of modernized housing units. However, they claim that the redevelopment process was marred by delays, substandard construction, and financial mismanagement.

The EOW's investigation has found evidence of irregularities in financial transactions related to the project, including the misappropriation of funds collected for the redevelopment process. As per the allegations, the developer had diverted the funds intended for the construction of new flats, leading to financial losses for the residents. The total estimated amount involved in the fraud is said to be around Rs 55 crore.

The redevelopment scam has raised concerns about the regulatory oversight in Mumbai's real estate sector, where such fraudulent practices are becoming increasingly common. The EOW is currently investigating the matter further, and the developer's involvement in the fraudulent scheme is being scrutinized.

The case is seen as part of a larger effort by authorities to crack down on illegal activities in the real estate sector, especially in large metropolitan cities like Mumbai, where the demand for housing often leads to exploitation by unscrupulous developers. The residents have demanded immediate action and the return of their invested funds.

The Economic Offences Wing (EOW) of Mumbai has registered a case against the director of Mid City Heightss, a prominent real estate developer, for allegedly being involved in a redevelopment fraud worth Rs 55 crore. The charges stem from complaints filed by residents of the redevelopment project in Mumbai, who accuse the developer of fraudulent practices in the execution of their redevelopment plans. The accused director is alleged to have duped the residents by collecting large sums of money under the pretext of redevelopment but failing to deliver on the promises made. The residents had entered into an agreement with the developer for the redevelopment of their buildings, with the expectation of modernized housing units. However, they claim that the redevelopment process was marred by delays, substandard construction, and financial mismanagement. The EOW's investigation has found evidence of irregularities in financial transactions related to the project, including the misappropriation of funds collected for the redevelopment process. As per the allegations, the developer had diverted the funds intended for the construction of new flats, leading to financial losses for the residents. The total estimated amount involved in the fraud is said to be around Rs 55 crore. The redevelopment scam has raised concerns about the regulatory oversight in Mumbai's real estate sector, where such fraudulent practices are becoming increasingly common. The EOW is currently investigating the matter further, and the developer's involvement in the fraudulent scheme is being scrutinized. The case is seen as part of a larger effort by authorities to crack down on illegal activities in the real estate sector, especially in large metropolitan cities like Mumbai, where the demand for housing often leads to exploitation by unscrupulous developers. The residents have demanded immediate action and the return of their invested funds.

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?