The Mumbai police arrested a 58-year-old woman for colluding with her siblings to sell a valuable property to a real estate developer without informing her cousins, who had an equal stake in it, according to a report. Abida Jaffar Ismail sold the 2-acre property, located in Lower Parel, worth a whopping Rs 100 crore.
The property encompasses three pre-existing tenanted buildings, the Times of India reported. The Economic Offences Wing's (EOW's) the general cheating cell undertook the case and arrested Abida from a hotel room in Mysuru, Karnataka, her hometown. She was subsequently presented before the 47th Metropolitan Court, where she was remanded to judicial custody.
Declared 100 per cent ownership of property
Abida's cousin, Ayaz Kapadia, filed a complaint against her for the clandestine sale of the property, which is jointly owned by his late father, Jaffar Kapadia, and Abida's late father, Latif Kapadia. Both Jaffar and Latif Kapadia were brothers. Latif's family had allegedly declared 100 per cent of ownership of the property during the sale to Big Tree Developers.
The property, comprised of three Cadastral Topographical Survey (CTS) numbers, located on Delai Road in Lower Parel that has evolved into a bustling business district over the years.
Property contains three tenanted buildings
The property contains three tenanted buildings – Zia Masoom Chawl, Bhaiya Chapra Chawl, and Irani Chawl, which are home to numerous tenants consistently paying monthly rents to Latif's family. The maintenance and other property-related affairs were overseen by Latif's eldest son, Aziz Kapadia, who is 74 years old.
The case in pending in the high court, according to the Times of India.