Archive · 15 Jun 2025
Mumbai Police Book Sumer Group Directors in ₹72.98 Crore Fraud Case
Imagine two people, Bharat and Lunkar, wanted to leave a company they owned with Ramesh and Rahul.
They had an agreement to get ₹89 crore when they left.
But, Ramesh and Rahul, the other owners, allegedly tricked them.
They used fake papers to get loans and then didn't pay Bharat and Lunkar the full amount.
Bharat and Lunkar were only paid ₹16.02 crore, while the remaining ₹72.98 crore was allegedly not paid.
Now, the police are investigating Ramesh and Rahul because they think they cheated.
Mumbai Police booked Sumer Group directors for allegedly defrauding a builder of ₹72.98 crore.
The complainant, Bharat Shah, and another partner decided to exit their partnership in Sumer Group.
An MOU was signed between the partners in 2014 and 2015 outlining terms of the exit.
Ramesh and Rahul Shah allegedly violated the MOU, using forged documents to secure loans.
Bharat Shah and Lunkar reportedly received only ₹16.02 crore of the agreed ₹89 crore.
- Who
- Ramesh Shah and Rahul Shah (Sumer Group directors) and Bharat Kishoremal Shah (builder).
- What
- Ramesh Shah and Rahul Shah, directors of Sumer Group, are booked for defrauding a builder.
- When
- A case was registered recently.
- Where
- Mumbai, India.
- Why
- Alleged fraud of ₹72.98 crore in a partnership dispute, involving forged documents and violation of an MOU.
Complainant Viewpoint
Sumer Group Directors Viewpoint
Payment Dispute
Complainant Viewpoint
Bharat Shah and Mahendra Lunkar claim they were cheated by Ramesh Shah and Rahul Shah, who allegedly withheld payments and violated the MOU terms.
Sumer Group Directors Viewpoint
The other side has not been made available.
Document Forgery
Complainant Viewpoint
Bharat Shah alleges forged documents and signatures were used to obtain loans.
Sumer Group Directors Viewpoint
The other side has not been made available.
- Complainant
- Bharat Kishoremal Shah
- Accused
- Ramesh Shah, Rahul Shah
- Alleged Fraud Amount
- ₹72.98 crore
- Partnership Firm
- Sumer Group
- Location
- Girgaon, Mumbai
- Police Station
- N. M. Joshi Marg Police Station
- Charges
- Cheating, forgery, and related offenses