Mumbai, Jan 20: A case of financial fraud has surfaced in Kurla, where a couple allegedly cheated a woman of Rs 45.25 lakh by luring her with promises of high returns from investment in a scrap business. The Nehru Nagar police have registered a case against the accused and launched further investigation.

How the complainant was lured

According to the FIR, the complainant, who is a resident of S.G. Barve Marg, Kurla (East), lives with her family. Her husband is a retired government employee.

In June 2025, she came in contact with Imambi (Amreen) Mehboob Hakim, who claimed that her husband, Javed Ali Tajuddin Ansari, was engaged in the scrap business and assured lucrative returns on investment.

Trusting her, the victim initially invested Rs 1 lakh by visiting Hakim’s residence at R.C. Marg, Ashok Nagar, Chembur. Within 10 days, she received a return of Rs 20,000, which strengthened her confidence.

Family members drawn into investment

She later informed a family member, who also began investing and initially received returns. The family member further introduced another friend from Panvel, who invested Rs 2.5 lakh.

Total investment and promised repayment

Gradually, the victim invested a total of Rs 45.25 lakh, including Rs 17.5 lakh through a bank gold loan, Rs 21.65 lakh by mortgaging gold jewellery, Rs 4 lakh from the family member’s business income, and additional amounts paid at different times.

All payments were allegedly handed over in cash to Imambi Hakim. The accused couple allegedly promised to repay the entire amount on or before August 30, 2025.

Property transfer and alleged deception

When the couple began avoiding repayment, the victim threatened to approach the police. In response, the accused allegedly executed registered documents transferring a 225 sq ft hutment-style ground-plus-one structure at R.C. Marg, Ashok Nagar, FCI, in the victim’s name as compensation, assuring peaceful possession by November 30, 2025.

However, when the victim later went to take possession of the house, she found another woman residing there. This woman claimed that the same property had been sold to her through a sale deed by Imambi Hakim and her husband.

Further inquiries revealed that the accused had allegedly cheated multiple people by taking money and issuing fake documents for the same property.

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Mumbai Fraud Case: Kurla Woman Duped Of ₹45.25 Lakh In Fake Scrap Business Investment Scam; Case Registered

A 54-year-old woman from Kurla was allegedly cheated of Rs 45.25 lakh after being lured into a fake scrap business investment scheme promising high returns. The accused couple later issued fraudulent property documents. Nehru Nagar Police have registered a case and are investigating.