Archive · 10 Dec 2025
Key Accused in MHADA Fraud Case Arrested
A man named Prabhakar Shetty was arrested by the Mumbai police for his role in a big fraud case.
He is believed to be a close helper of the main person behind the fraud.
The fraud involved promising people flats from MHADA in exchange for money and gold.
The total amount involved is Rs 17.74 crore.
Shetty was caught in Karnataka and was taken to a court in Mumbai, which decided he should stay in police custody until December 12.
The main person in the fraud, Chaudhary, pretended to be a senior officer with access to government housing and showed fake documents to support his claims.
Prabhakar Shetty, a key accused in the MHADA flats fraud case, was arrested by the Mumbai Police’s Economic Offences Wing in Udupi district, Karnataka.
The fraud involved Rs 17.74 crore, with investors promised MHADA flats in south Mumbai and central suburbs.
Shetty allegedly handled portions of the cash and gold collected from investors.
The FIR was registered by a businessman named Mohammad Aslam Qureshi, who stated that Chaudhary, the alleged mastermind, pretended to be a senior IB officer with access to government housing quotas.
Chaudhary allegedly used forged MHADA allotment letters, fake challans, and counterfeit correspondence to support his claims.
- Who
- Prabhakar Shetty, a key accused in the MHADA flats fraud case
- What
- Arrest of Prabhakar Shetty for his involvement in a fraud case involving Rs 17.74 crore
- When
- December 9
- Where
- Udupi district, Karnataka
- Why
- Shetty allegedly handled portions of the cash and gold collected from investors who were promised MHADA flats
- Accused Name
- Prabhakar Shetty
- Arresting Authority
- Mumbai Police’s Economic Offences Wing
- Location of Arrest
- Udupi district, Karnataka
- Amount Involved
- Rs 17.74 crore
- Victims
- Multiple investors
- Promised Benefit
- MHADA flats in south Mumbai and central suburbs
- Court Decision
- Police custody till December 12
