Mumbai Police Files FIR Against Alleged Cricket Bookie in Rs 8.3 Crore Fraud Case
Dongri police in Mumbai have taken decisive action against an alleged cricket bookie and his associates. The police filed a First Information Report last week. The FIR targets Mehul Jain and several relatives. They face serious charges of cheating a local businessman.
Details of the Alleged Fraud Scheme
The complainant is Mohammad Farooq Shaikh, a businessman residing in Dongri. Shaikh alleges a complex deception unfolded between January and August 2023. The accused individuals reportedly induced him to invest in Kapro Metals and Alloys Pvt Ltd. This is a company based in Thane.
The accused presented a compelling story. They claimed the metal manufacturing company had been successfully revived from previous losses. Dilip Jain, Kamlesh Jain, Mehul Jain, and their associates proposed selling the company to Shaikh for a sum of Rs 8.3 crore.
They made a further enticing promise. The group assured Shaikh that purchasing the company in the names of women from his family would bring a significant benefit. This move, they alleged, would make him eligible for a government subsidy worth Rs 8.5 crore.
How the Money Was Paid and the Deal Unraveled
Believing these assurances, Mohammad Farooq Shaikh proceeded with the transaction. He paid the entire Rs 8.3 crore amount in cash. The payment was made in multiple instalments through an intermediary named Vishwas Thakalkar.
Following the payments, formal agreements were signed. The process began to transfer the company ownership to Shaikh's mother-in-law and sister-in-law. However, the promised outcomes failed to materialize.
The accused allegedly did not appoint the women as directors of the company. They later started avoiding meetings with the complainant. When Shaikh realized the deal was not proceeding as promised, he expressed his unwillingness to continue.
He formally sought a refund of his massive investment. The accused individuals refused to return the money. They cited a GST notice as a reason for their refusal. Subsequently, they lodged counter complaints against Shaikh at other police stations.
Police Action and Charges
The Dongri police have registered the FIR based on Shaikh's complaint. Other accused named in the document include Dilip Jain, Kamlesh Jain, and Varsha Patwari of Kapro Metals and Alloys.
The FIR clearly outlines the allegations. It states the accused dishonestly misappropriated the funds for personal gain. They failed to honour their contractual commitments. Ultimately, they cheated the complainant and his family out of Rs 8.3 crore.
This case highlights the risks associated with high-value business deals based on verbal assurances. It also shows the police taking swift action on a serious financial fraud complaint in the city.
