Archive · 23 Aug 2025
Bandra Police File FIR Against Developer Niraj Kakad in ₹45 Lakh Cheating Case
A Mumbai developer, Niraj Kakad, is accused of cheating a homemaker out of money.
He took money for a real estate project and promised high returns, but then stopped paying the promised interest.
When the homemaker's father asked for the money back, he was refused.
The police are investigating, and it's been found that other people have also complained about the developer's practices, leading to an FIR with charges of cheating and criminal conspiracy.
Bandra police have filed an FIR against developer Niraj Kakad, his family, and associates for allegedly cheating a homemaker.
The complainant's father initially invested in a project in 2015, receiving interest payments initially.
Kakad allegedly stopped interest payments and issued bounced checks, leading to financial distress for the family.
The FIR includes charges of cheating, criminal breach of trust, and criminal conspiracy under IPC and MPID Act.
Multiple similar complaints have been registered against Kakad, with another recent case involving a clinic flat.
- Who
- Niraj Kakad, Divya Kakad, Sahil Kakad, Samarth Kakad, Rajesh Makhiya, Vikas Kadam, and Sakina Fakhi.
- What
- Niraj Kakad, family, and associates are accused of cheating a homemaker out of ₹45 lakh through a real estate investment scheme.
- When
- The initial investment was made in 2015; interest payments stopped in November 2015, and the cheating continues.
- Where
- Bandra, Mumbai.
- Why
- The accused allegedly aimed to defraud investors by promising high returns on real estate investments.
Complainant
Developer
Financial Loss
Complainant
The complainant and her family lost money due to the alleged fraud.
Developer
The developer hasn't given his version as he was contacted.
- Accused
- Niraj Kakad, Divya Kakad, Sahil Kakad, Samarth Kakad, Rajesh Makhiya, Vikas Kadam
- Complainant
- Sakina Fakhi
- Initial Investment
- ₹10 lakh
- Fraud Amount
- ₹45 lakh
- Charges
- Cheating, criminal breach of trust, criminal conspiracy
- Legal Action
- FIR registered under IPC and MPID Act
Sources
Palghar Fraud: Nalasopara Gym Trainer, Wife Booked For Duping Mumbai Cosmetics Shop Owner Of Over ₹1.27 Crore In Investment Scam
How 4 Men Duped Navi Mumbai Consultant of Rs 1.35 Crore With Loan Deal
Mumbai man duped of ₹1.35 crore in loan fraud — 4 lessons to keep your money safe
Mumbai Fraud: 52-Year-Old Chembur Developer Duped Of ₹10.11 Lakh In Fake ₹5 Crore Loan Promise, Colaba Police Register FIR
