Sign in Subscribe
Fraud

Mumbai Police Registers FIR Against Mehul Thakur in Rs 30 Crore Financial Fraud

Strategic Insights

— 1 min read

The Economic Offences Wing (EOW) of the Mumbai Police has initiated a probe into a Rs 30 crore financial scam involving Mehul Thakur, Managing Director of Viva Group. Thakur, a relative of Maharashtra politician Hitendra Thakur, allegedly forged documents and cheated his business partner, Rohitashwa Poddar, of the Poddar Group, by promising triple returns on investments. The case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS), including Section 316 (criminal breach of trust) and Section 318 (cheating). The probe is ongoing, and Thakur's previous arrest and bail in 2021 and 2023, respectively, in a separate case have raised concerns about his financial dealings.

Key Takeaways:

  • The Economic Offences Wing (EOW) of the Mumbai Police has registered an FIR against Mehul Thakur, Managing Director of Viva Group, in a Rs 30 crore financial fraud case.
  • Thakur allegedly forged documents and cheated his business partner, Rohitashwa Poddar, of the Poddar Group, promising triple returns on investments.
  • The case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS), including Section 316 (criminal breach of trust) and Section 318 (cheating).
  • Thakur was previously arrested by the Enforcement Directorate (ED) in 2021 in a separate case and granted bail in 2023.
  • The probe is ongoing, and investigation is focused on recovering the Rs 30 crore transferred to Viva Holdings.

Statistics:

  • Rs 30 crore: Amount allegedly cheated by Mehul Thakur
  • 2012: Year Mehul Thakur and Poddar jointly established Viva Poddar Housing Pvt Ltd
  • 75 acres: Land acquired by Viva Poddar Housing Pvt Ltd in Vasai and Virar
  • Rs 56 crore: Price at which the land was acquired
  • 2021: Year Mehul Thakur was arrested by the Enforcement Directorate (ED) in a separate case
  • 2023: Year Mehul Thakur was granted bail in the same case
  • Rs 30 crore: Amount allegedly transferred into Viva Holdings by Mehul Thakur

Sources:

  • Contify.com
  • Indian National Press (Bombay) Pvt. Ltd.
  • (Note: As per the provided source material, exact URLs or online sources could not be found.)

Read more