Mumbai Man's Suicide Exposes Major Financial Fraud Involving Four Individuals

A 62-year-old man from Mankhurd, Mumbai, has filed a police complaint alleging that a financial scam and sustained cheating led to the tragic suicide of his 29-year-old son, Tauhid Ahmed Khan. The FIR names four individuals, including a bank official, for their roles in the fraud.

Financial FraudSuicideMankhurdMumbaiPolice ComplaintReal Estate MumbaiJul 04, 2025

Mumbai Man's Suicide Exposes Major Financial Fraud Involving Four Individuals
Real Estate Mumbai:In a distressing incident from Mankhurd, Mumbai, a 62-year-old glass shop worker has filed a police complaint alleging that a financial scam and sustained cheating by known individuals led to the tragic suicide of his elder son, 29-year-old Tauhid Ahmed Khan. The father, Taufiq Khan, claims that Tauhid was pushed to the brink after being defrauded of ₹14 lakh and enduring unexplained losses from his business.

On June 7, 2025, Tauhid was found hanging inside his shop. A day later, his younger brother discovered a suicide note on the shop’s computer, clearly naming four individuals allegedly responsible for Tauhid’s financial downfall and mental distress.

The suicide note names Narayana Lal Devda, his wife Chanda Devi, their associate Naresh Kumar Teli, and Bank of Baroda official Jyotsna Jagtap. According to the FIR, Tauhid had paid ₹8.5 lakh to Narayan Devda for two properties under a live-and-license rental agreement. However, possession of the properties was never handed over. One of the properties was allegedly sublet illegally, and eventually, rent payments stopped. The accused reportedly left the locality and became unreachable, exacerbating Tauhid’s financial losses and emotional turmoil.

The note also describes an additional loss of ₹42,000 due to a fraudulent Telegram link and blames the bank officer for freezing his account without any notice. Tauhid claimed that these financial setbacks had critically impacted his business, leaving him cornered and unable to cope.

Acting on the complaint and the submitted suicide note, the Mankhurd police have registered an FIR against the four individuals under relevant sections of the Bharatiya Nyaya Sanhita (BNS), including abetment to suicide. The FIR also includes details of financial transactions submitted by Taufiq Khan, reinforcing the claims made in the suicide note.

The case has shaken the local community and raised concerns about fraudulent rental practices and the potential role of banking officials in aiding or neglecting scams. Investigators have launched a probe to trace the accused, who are reportedly absconding, and to verify the allegations, especially those involving the bank account freeze and real estate dealings.

Frequently Asked Questions

Who filed the police complaint?

Taufiq Khan, the 62-year-old father of Tauhid Ahmed Khan, filed the police complaint.

What led to Tauhid Ahmed Khan's suicide?

Tauhid Ahmed Khan was pushed to suicide after being defrauded of ₹14 lakh and enduring significant financial losses from his business.

Who are the four individuals named in the suicide note?

The four individuals named in the suicide note are Narayana Lal Devda, Chanda Devi, Naresh Kumar Teli, and Bank of Baroda official Jyotsna Jagtap.

What financial transactions are mentioned in the FIR?

The FIR mentions that Tauhid had paid ₹8.5 lakh to Narayan Devda for two properties under a live-and-license rental agreement and lost ₹42,000 due to a fraudulent Telegram link.

What actions have the police taken in response to the complaint?

The Mankhurd police have registered an FIR against the four individuals under relevant sections of the Bharatiya Nyaya Sanhita (BNS), including abetment to suicide, and launched a probe to trace the accused and verify the allegations.

Related News Articles

Rags to Riches: The Inspiring Story of Irfan Razack
real estate news

Rags to Riches: The Inspiring Story of Irfan Razack

From humble beginnings to a $1.3 billion net worth

May 26, 2024
Read Article
Golden Opportunities: Latvia and Portugal's Residency Programs for Entrepreneurs and Investors
Real Estate

Golden Opportunities: Latvia and Portugal's Residency Programs for Entrepreneurs and Investors

Latvia and Portugal are pioneering more accessible pathways for entrepreneurs and smaller-scale investors to obtain EU residency, with investments starting as low as €50,000.

June 23, 2024
Read Article
Hinjewadi: The Thriving IT Hub of Pune's Real Estate Growth Story
Real Estate Mumbai

Hinjewadi: The Thriving IT Hub of Pune's Real Estate Growth Story

Hinjewadi, the IT hub of Pune, has been a major contributor to Pune's real estate growth story. The infrastructure challenges if addressed further will propel its growth.

August 13, 2024
Read Article
Eldeco: A Legacy of Excellence in Real Estate
real estate news

Eldeco: A Legacy of Excellence in Real Estate

New Delhi [India], October 21: Since its inception, The Eldeco Group has been a pioneer in real estate development across North India, setting new benchmarks in quality, innovation, and customer satisfaction.

October 21, 2024
Read Article
India's Industries Excel in 2024, Set Bold Goals for 2025
Real Estate

India's Industries Excel in 2024, Set Bold Goals for 2025

In 2024, India's industries have shown remarkable growth, focusing on innovation, sustainability, and customer-centricity. These sectors, including real estate, are setting ambitious goals for 2025 to maintain their upward trajectory.

December 21, 2024
Read Article
Colliers India's Ravi Shankar Singh: Investing in Real Estate, Any Time is a Good Time
real estate news

Colliers India's Ravi Shankar Singh: Investing in Real Estate, Any Time is a Good Time

Ravi Shankar Singh, a prominent figure at Colliers India, emphasizes that the real estate market has seen substantial price increases over the past few years. He firmly believes that there is no wrong time to invest in real estate, given its long-term pot

January 15, 2025
Read Article