Home / Mumbai / Mumbai Crime News / Article /
Mumbai: Posing as IB officer, man runs Rs 17.74-cr MHADA scam, EOW nabs key aide
Updated On: 09 December, 2025 09:14 PM IST | Mumbai | Anish Patil
The FIR, lodged at Dindoshi Police Station by a businessman, states that Chaudhary had allegedly projected himself as a senior IB officer with access to government housing quotas
The suspect arrested by EOW is believed to be a close aide of the alleged mastermind, an official said. Representational Pic/File
Quick Read
A sensational real-estate fraud that allegedly thrived on forged Maharashtra Housing and Area Development Authority (MHADA) papers, fake government seals, and a fabricated Intelligence Bureau (IB) identity has taken a crucial turn, with the Mumbai Police`s Economic Offences Wing (EOW) arresting Prabhakar Shetty from Karnataka’s Udupi district. Shetty, believed to be a close aide of the alleged mastermind, the late Rupesh Prabhakar Chaudhary, has been remanded to police custody until December 12, police said on Tuesday.
According to the investigators, Shetty allegedly handled portions of the cash and gold collected from multiple investors who were promised MHADA flats in premium South Mumbai and central suburbs. His arrest, officers said, is expected to help map the money trail in what has emerged as one of the more audacious housing scams in recent years.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT