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

Kadapa TD Town President Attacked Over Real Estate Dispute
real estate news

Kadapa TD Town President Attacked Over Real Estate Dispute

Anantapur: A real estate dispute has led to the attack on Shivakonda Reddy, the Kadapa TD town president, by five individuals on October 19. The police have made several arrests, and more details are emerging about the background of the conflict.

October 23, 2024
Read Article
India's Luxury Real Estate Market Witnesses 37.8% Sales Surge in 2024
real estate news

India's Luxury Real Estate Market Witnesses 37.8% Sales Surge in 2024

The luxury housing segment, including units priced at INR 4 crore and above, experienced a 37.8% increase in sales year-on-year during the first nine months of 2024, driven by robust economic conditions and consumer confidence.

December 31, 2024
Read Article
Nagpur's Nirmal Ujjwal Society Faces ₹6 Crore Fine for RERA Violation
Real Estate Maharashtra

Nagpur's Nirmal Ujjwal Society Faces ₹6 Crore Fine for RERA Violation

The Maharashtra Real Estate Appellate Tribunal has upheld a ₹6 crore fine on Nagpur's Nirmal Ujjwal Credit Cooperative Society for failing to register its property under RERA. The society also faces criticism for inadequate amenities in their residential

February 27, 2025
Read Article
MHADA Takes Action to Recover Rs 172 Crore Dues from Defaulter Developers
Real Estate Mumbai

MHADA Takes Action to Recover Rs 172 Crore Dues from Defaulter Developers

In a significant move, the Mumbai Metropolitan Region Development Authority (MHADA) has initiated legal action to seize properties of defaulter developers to recover Rs 172 crore in outstanding dues. This action comes after the developers failed to clear

March 11, 2025
Read Article
Häfele Unveils Cutting-Edge Design Studio in Pune's Thriving Real Estate Market
Real Estate Pune

Häfele Unveils Cutting-Edge Design Studio in Pune's Thriving Real Estate Market

With Pune's real estate sector experiencing significant growth, Häfele, a leading brand in hardware and interior solutions, has launched a new design studio to meet the increasing demand for high-quality and aesthetically pleasing interiors.

April 10, 2025
Read Article
Delhi Businessman Killed in Horrific Attack on Way to Gym
real estate news

Delhi Businessman Killed in Horrific Attack on Way to Gym

A prominent Delhi businessman was tragically shot dead while driving his Toyota Fortuner to the gym. The victim, Rohit Dalal, was found with multiple gunshot wounds. The incident has sent shockwaves through the city, and police are currently investigating the motives behind the attack.

April 12, 2025
Read Article