Mumbai Fraud: 73-Year-Old Girgaon Investor Duped Of ₹26.54 Crore By Real Estate Firm; 3 Directors Booked

Mumbai: The Vile Parle Police have registered a criminal case against three directors of Shamik Enterprises Ltd.—Haresh Sakalchand Hirani, Suresh Pratapchand Hirani, and Sandip Sakalchand Hirani—for allegedly defrauding a 73-year-old resident of Girgaon, Chunnilal Vardhichand Shah, of ₹26.54 crore under the pretext of a real estate investment.

According to the FIR, Shah, along with his wife and sons—Nimit and Mahavir—invested ₹25.59 crore in cash and ₹95 lakh via cheque in Shamik Enterprises Ltd. between 2011 and 2018. The investment was made with the assurance of receiving four residential flats in the company’s Hirani Villa project located in Vile Parle, Mumbai.

The accused allegedly failed to return the invested amount and did not transfer the ownership of four promised flats, which was being developed by their company. This has resulted in an alleged financial fraud amounting to ₹26.54 crore.

Initially, Shah refrained from filing a complaint due to personal and familial ties with the accused. However, after repeated delays and no resolution, he lodged a formal complaint. Based on the complaint, the Vile Parle Police registered a case on June 16, under Sections 406, 409, 420, and 34 of the Indian Penal Code.