Mumbai: In a major development in the Maitreya Group scam, the Maharashtra government is taking decisive action against companies accused of duping thousands of investors—Maitreya Plots and Structures Pvt. Ltd. and Maitreya Superstructures Pvt. Ltd.
The matter was discussed in Question Hour in the Maharashtra Legislative Assembly, where Minister of State for Home Affairs Yogesh Kadam presented a detailed response outlining the progress made and the government’s future course of action. A key review meeting on the issue was also held last month under Kadam’s chairmanship at Mantralaya.
As per government data, nearly 29.87 lakh investors were defrauded to the tune of approximately ₹2,500 crore. So far, 31 FIRs have been registered, and action is ongoing against 56 accused individuals.
Authorities have seized 409 properties, of which valuation permission has been granted for 360 by the court. Out of these, 70 properties have already been valued, with an estimated worth of around ₹250 crore.
The court has ordered a complete auction process, which is expected to be concluded in the next 8 to 9 months, enabling repayment to affected investors.
The Maharashtra government is also actively communicating with other states to gather information on more than 1,000 additional properties linked to the scam.
Minister Kadam firmly stated, “The interests of depositors remain the government’s highest priority. Strict action will be taken against those responsible for financial fraud. Ensuring justice for investors is the government’s core commitment.”
This multi-state financial scam has shaken the confidence of small investors, and the government’s firm steps offer hope for justice and recovery.
