The Dadar Police have registered a case against a Borivali-based builder for allegedly cheating a share market trader of ₹37.90 lakh in a bogus real estate project.
Real EstateFraudScamInvestmentMumbai PoliceReal Estate PuneAug 29, 2025
The complainant is Jitesh Banwari Bhargav, a 43-year-old share market trader from Versova, Andheri (West).
Jitesh Banwari Bhargav was defrauded of Rs 37.90 lakh by Arvind Parshuram Parab.
Arvind Parshuram Parab promised Jitesh Banwari Bhargav 12 commercial shops in a proposed real estate project in Borivali.
When the project did not start, Parab claimed he would sell his Dadar office instead and signed another MoU for the sale.
The Dadar Police have registered a case under sections 318(4) of the Bharatiya Nyaya Sanhita (BNS) Act, and the investigation is currently underway.
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