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Mumbai EOW Probes Alleged ₹68 Crore Share Transfer Fraud at Rizvi Estate & Hotels

Police say six associates were booked on allegations that forged gift deeds used the complainant’s digital signature.

Overview

  • An FIR by 83-year-old builder Akhtar Hasan Rizvi alleges he was entitled to 10,067 company shares but only 3,583 were on record.
  • The complaint claims 6,484 shares valued at ₹68,07,55,160 were transferred using forged documents.
  • The case lodged at Bandra police station has been transferred to Mumbai Police’s Economic Offences Wing for investigation.
  • Police have named six accused: Reshma Gufran Rizvi, Meena Rizvi (Arte), Stanislaus Mark Lassardo, Ganpati Raya Hegde, Rupesh Raghunath Mahadeshwar and Javed Hasan Rizvi.
  • Investigators are probing alleged forged gift deeds said to have used Rizvi’s digital signature, with offences registered under BNS sections 420, 465, 467, 468, 471, 120B and 34.