Parag Sanghvi film producer arrested by EOW for fraud

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Bollywood film producer Parag Sanghvi has been arrested in connection with a Mumbai housing fraud case, a police official said on Tuesday.

Mumbai Police’s Economic Offenses Wing (EOW) arrested the 49-year-old producer on Monday, he said.

Sanghvi’s domestic productions include films like “Partner”, “Bhoot Returns” and “The Attacks of 11/26”.

He was arrested in connection with the sale of two apartments, located at Turner Road in the suburb of Bandra, to a third party and the involvement of a company of a group of which Sanghvi is a director, the official said.

The apartments were valued at Rs 13.74 crore, he said.

The film’s personality was produced in a local court, which sent him on remand until December 25, the official added.

According to the plaintiff in the Mahendra Ranmal Shah case, he bought three apartments in 2013 at Turner Road in Kamala Infra and Kamala Landmark Properties, companies of the Kamala Landmark group, he said.

Shah then rented one of the apartments to Alumbra Entertainment and Media Pvt Ltd, another Kamala Landmark group company, the official said.

Sanghvi and a certain Jitendra Jain are directors of Alumbra Entertainment and Media Pvt Ltd.

The remaining two apartments were let to Metalica Pvt Ltd, he said.

Although the apartments are leased, Kamala Landmark Properties sold them to a third party, the official said.

On Shah’s complaint, an FIR under IPC sections related to cheating, criminal association, breach of trust, forging a document, forging a safe bet, l ‘Use as authentic of a forged document and common intent has been recorded against Sanghvi and others, he said. .

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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