
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.