Mumbai Builder Accuses Firm of 360 Crore Financial Fraud; EOW Investigates
2 hours agoCrime
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1 SourcesMumbai, India
TBNthebalanced.news
Mumbai Builder Accuses Firm of 360 Crore Financial Fraud; EOW Investigates

Mumbai-based Sujay Resort and Township Project Pvt Ltd has accused Shore Dwelling Pvt Ltd and its directors of a 360 crore financial fraud. Sujay Resort alleges that Shore Dwelling borrowed the sum as an inter-corporate deposit with a promise to repay within 15 days and transfer shares of an associate company. The Economic Offences Wing (EOW) has begun a probe after an FIR was registered. Sujay Resort claims the funds were arranged via a loan from Indiabulls Housing Finance.

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