Mumbai Police Books Trustees of Bafna Charitable Trust for Misappropriating Rs 40 Crore

Strategic Insights -

Mukesh Jawarimal Mehta, a trustee of Bafna Charitable Trust, has filed a complaint against Suresh S. Bafna, Rajkumar S. Bafna, Vimla Navlakha, and Sudhir Navlakha, alleging that they misappropriated the trust's funds by selling trust-owned land and diverting the proceeds for personal gain. The accused allegedly sold the trust's property located at Survey No. 151, Nahar village, Kurla taluka, Mumbai, measuring 3,837.72 sq. mtrs. The proceeds of the sale were allegedly diverted to their own companies and investments, in violation of the written directives issued by the Deputy Charity Commissioner, Mumbai.

Key Takeaways:

  • The trustees of Bafna Charitable Trust have been booked for misappropriating Rs 40 crore by selling trust-owned land and diverting the proceeds for personal gain.
  • The accused allegedly sold the trust's property located at Survey No. 151, Nahar village, Kurla taluka, Mumbai, measuring 3,837.72 sq. mtrs.
  • The proceeds of the sale were allegedly diverted to their own companies and investments, in violation of the written directives issued by the Deputy Charity Commissioner, Mumbai.
  • The case has been transferred to the Economic Offences Wing (EOW) for further investigation.
  • The accused have been booked under Sections 406 (criminal breach of trust) and 120(B) (criminal conspiracy) of the IPC.
  • The matter is now under active probe, and further action against the accused is likely.
  • Suresh S. Bafna, Rajkumar S. Bafna, Vimla Navlakha, and Sudhir Navlakha have been identified as the accused in the misconduct.
  • The Bafna Charitable Trust and the accused have invested the proceeds in various companies, violating the directives of the Deputy Charity Commissioner, Mumbai.

Statistics:

  • Rs 40 crore: the estimated amount misappropriated by the accused
  • 3,837.72 sq. mtrs: the area of the trust's property sold by the accused
  • 4: the number of accused booked in the case
  • 2: the number of sections of the IPC under which the accused have been booked (406 and 120B)

Sources:

  • "EOW Police said the accused dishonestly misappropriated the trust's funds for personal economic benefit." - Contify.com
  • "Mumbai Police has registered an FIR in Marine Drive Police Station." - Contify.com
  • "The misappropriation is estimated at Rs 40 crore." - Contify.com
  • "The accused have been booked under Sections 406 (criminal breach of trust) and 120(B) (criminal conspiracy) of the IPC." - Indian National Press (Bombay) Pvt. Ltd.