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Mumbai EOW Registers ₹100-Crore Sky 31 Fraud Case, Moves to Attach Assets in Linked Probes

Investigators focus on diversion of buyer funds, duplicate sales, forged redevelopment papers, asset tracing.

Overview

  • An FIR over the Wadala-based Sky 31 project alleges ₹100 crore was taken from 102 buyers, with money diverted and one flat sold to two purchasers; Banking Unit–3, Cell 11 is probing under IPC sections 420, 406 and 34.
  • The Malad redevelopment complaint alleging a ₹18.09 crore cheat through fabricated ownership documents and a misleading joint development agreement has been transferred to EOW Unit 12.
  • Mumbai Police say the Sky 31 funds were collected from 2018 onward, construction remains incomplete, and investigators are examining transfers to associated companies.
  • EOW has arrested Andheri-based businessman Sandeep Babulal Gada in a multi-crore land fraud case tied to forged documents, with multiple BNS sections invoked and a court appearance scheduled.
  • EOW has sought court attachment of four Thane flats linked to Purushottam Chavan under BNSS Section 107, with a forensic audit underway and the properties valued at about ₹2.5 crore.