Overview
- Prabhakar Shetty was apprehended in Karnataka’s Udupi district and produced in a Mumbai court.
- The court remanded him to police custody until December 12 for interrogation on the money trail.
- Police allege he handled portions of cash and gold taken from investors promised MHADA flats in South Mumbai and central suburbs.
- The FIR by businessman Mohammad Aslam Qureshi cites forged MHADA allotment letters, fake GRAS challans, and counterfeit correspondence used to lure buyers.
- With alleged mastermind Rupesh Prabhakar Chaudhary dead since July 18 in Nashik, investigators are auditing finances and examining documents to establish roles and recover assets.