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Mumbai: EOW Raids Builder's Office Over Alleged ₹13.65 Crore Fraud in Samruddhi Garden Project

By vishal.singh | Updated: August 26, 2024 21:23 IST

The economic offences wing (EOW) of the Mumbai Police recent raided the office of builder Pratik Vira located at ...

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The economic offences wing (EOW) of the Mumbai Police recent raided the office of builder Pratik Vira located at Sunshine Tower in Dadar (West). According to the police several documents relating to an alleged fraud of Rs 13.65 crores. The raid is a sequel to an FIR registered against Vira on a complaint made by builder Kashyap Mehta at the Azad Maidan police station. The allegation is that Veera, associated with Sivana Realty Private Limited, fraudulently earned ₹13.65 crores illegally through 71 flats in the Samruddhi Garden project in Bhandup. In this case, Kashyap Mehta filed a complaint against Veera and his associates.

An EOW source said that a raid was conducted at builder Prateek Veera's office and computers, hard disks and electronic gadgets were confiscated from his office. According to the source, EOW is also questioning the people working in the builder's office.

As per the complaint, in 2002, Mehta, in partnership with Atul Bharani, founded Sunshine Group Pvt. Ltd. Bharani later introduced Jayesh Vira, the father of Pratik Vira, as an investor, granting him a 20 percent share in the company. At Jayesh Vira’s request, the company’s entire accounting work was handed over to Pratik Vira.

Mumbai Police's Economic Offences Wing (EOW) has registered a case of fraud amounting to ₹13.65 crores against builder Pratik Veera and others. The allegation is that Veera, associated with Sivana Realty Private Limited, fraudulently earned ₹13.65 crores illegally through 71 flats in the Samruddhi Garden project in Bhandup. In this case, Kashyap Mehta filed a complaint against Veera and his associates.According to Mehta's complaint to the police, he and Atul Bharani had started the Sunshine Group, and Veera had invested in it. Several subsidiary companies were formed under the Sunshine Group for construction, where Jayesh Veera's son Pratik was given an opportunity to work. The group has constructed several buildings and worked on various projects.

In 2006, the Sunshine Group decided to construct Samruddhi Garden and Oakwood Plaza on a 3.75-acre plot in Bhandup. By 2014-2015, they had built and sold 234 flats in Samruddhi Garden, while the construction of Oakwood Plaza was still pending. In 2016, a dispute arose between Veera, the Sunshine Group, and Kashyap Mehta. It is alleged that in 2016, Veera filed petitions against Mehta and Bharani in the NCLT, where he was unsuccessful. Following this, he approached the Supreme Court but was unsuccessful there as well.

Mehta alleges that Veera, for his personal gains, committed forgery in documents, accounts, etc., to earn ₹13.65 crores in Manish Kabra's (of Kabra Group) resolution plan for Samruddhi Garden, Bhandup. He also misused the NCLT machinery. This fraud came to light when Veera presented forged documents in court. The entire matter was executed through an organized conspiracy involving several chartered accountants, developers, and flat buyers.

Tags: Mumbai NewsMumbai Crime ReportMumbai PoliceAzad maidan police
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