Archive · 15 Dec 2025
Mumbai Police Register Fraud Cases
In Mumbai, two separate fraud cases have been reported.
In the first case, a businessman was tricked by two men who promised to give him a flat in exchange for money.
The men said they could get him a flat through a government program, and the businessman believed them.
He gave them a lot of money, but they never gave him the flat.
In the second case, two sisters allegedly cheated 11 people by promising them high returns on investments in a garment business and a property project.
The victims gave them money, but the sisters did not pay back the promised returns.
The police have registered cases against the accused, and investigations are ongoing.
A Lower Parel businessman was cheated of ₹9 lakh by two men who promised him a 1BHK flat under the SRA scheme in Prabhadevi.
The accused, Vijay Ballal and Sanjay Dhanaji Kamble, claimed to have BMC links to gain the victim's trust.
The victim paid ₹2 lakh initially and then ₹7 lakh via cheque, but the flat was never provided.
Two sisters, Swati Shriprakash Waghmare and Smita Vinod Bhagwati, allegedly cheated 11 investors of ₹47 lakh by promising high returns on investments in a garment business and a property project.
The accused promised investors a monthly return of ₹15,000 on an investment of ₹1 lakh, but the cheques issued for repayment were not honoured.
- Who
- Vinod Ramlal Almadass, Abdul Salim Sayyed, Yasmin Dastagir Shaikh, and 10 other investors were cheated by Vijay Ballal, Sanjay Dhanaji Kamble, Swati Shriprakash Waghmare, and Smita Vinod Bhagwati.
- What
- The accused promised an SRA flat and garment business investments but did not deliver and cheated the victims out of money.
- When
- The initial payments were made in August 2014 (Almadass) and January 2021 (investors), with repayment agreements signed in November 2024 (Almadass) and June 20, 2024 (investors).
- Where
- The incidents occurred in Lower Parel and Dharavi, Mumbai.
- Why
- The accused falsely promised an SRA flat and garment business investments to gain trust and cheat the victims out of money.
- Victim
- Vinod Ramlal Almadass, Abdul Salim Sayyed, Yasmin Dastagir Shaikh, and 10 other investors
- Accused
- Vijay Ballal, Sanjay Dhanaji Kamble, Swati Shriprakash Waghmare, and Smita Vinod Bhagwati
- Amount Cheated
- ₹9 lakh (Almadass), ₹47 lakh (investors)
- Location
- Lower Parel, Dharavi, Mumbai
- Promised Returns
- ₹15,000 monthly for every ₹1 lakh invested
- Initial Payment
- ₹2 lakh (Almadass), ₹2 lakh (Sayyed)
- Subsequent Payment
- ₹7 lakh (Almadass), ₹2 lakh (Sayyed), ₹7.5 lakh (Shaikh), ₹43 lakh (other investors)
- Repayment Agreement Date
- November 30, 2024 (Almadass), June 20, 2024 (investors)
Sources
Mumbai: Lower Parel Businessman Cheated Of ₹9 Lakh With False Promise Of SRA Flat In Prabhadevi
Navi Mumbai Fraud: Nagpur Agent Dupes Vashi Businessman Of ₹14.19 Lakh With Fake JCB Finance Deal; Case Registered
