Mumbai Police Book Five for Cheating 65-Year-Old Woman of Rs 2.26 Crore

Published: August 25, 2025 | Category: Real Estate Mumbai
Mumbai Police Book Five for Cheating 65-Year-Old Woman of Rs 2.26 Crore

In a significant case of financial fraud, the Mumbai Police have registered a case against five individuals for allegedly cheating a 65-year-old woman. The accused, who have been apprehended by the police, stole her gold and silver ornaments and disposed of her real estate assets.

The victim, Jayashree Chavan, was duped of approximately Rs 2.26 crore. The accused first stole her ornaments, which are said to be worth around Rs 6.87 lakh. Moreover, the accused further hatched a conspiracy to dispose of her real estate assets. Taking advantage of an old woman whose health was deteriorating, the accused then fraudulently sold her two flats and a shop owned by Chavan, collectively valued at Rs 1.55 crore.

Police officials have said that the proceeds of the sale were deposited into Chavan’s bank account, but the accused then linked their own mobile numbers to her Aadhaar card and bank details, gaining control over her finances. Mumbai police, after registering the FIR against the accused, revealed that these men have also forged cheques to syphon off funds from the woman’s account.

An FIR has been registered against all five accused who were involved in this activity. Further investigation is underway to trace the money trail and identify if more people were involved in the racket. The police are also working to ensure that the victim receives justice and that her financial losses are recovered.

The case highlights the growing issue of financial fraud targeting elderly individuals, especially those with health issues. It underscores the importance of safeguarding personal financial information and seeking legal assistance in case of suspicious activities. The Mumbai Police have urged the public to be vigilant and report any such incidents immediately to the nearest police station.

In the meantime, the police are continuing their efforts to track down the stolen assets and bring all the perpetrators to justice. The investigation is ongoing, and the police are leaving no stone unturned to ensure that the victim is compensated for her losses.

Stay Updated with GeoSquare WhatsApp Channels

Get the latest real estate news, market insights, auctions, and project updates delivered directly to your WhatsApp. No spam, only high-value alerts.

GeoSquare Real Estate News WhatsApp Channel Preview

Never Miss a Real Estate News Update — Get Daily, High-Value Alerts on WhatsApp!

Frequently Asked Questions

1. Who were the victims in this case?
The victim in this case is a 65-year-old woman named Jayashree Chavan.
2. What did the accused steal from the victim?
The accused stole gold and silver ornaments worth around Rs 6.87 lakh and sold her real estate assets valued at Rs 1.55 crore.
3. How did the accused gain control over the victim's finances?
The accused linked their own mobile numbers to the victim's Aadhaar card and bank details, gaining control over her finances.
4. What actions has the Mumbai Police taken?
The Mumbai Police have registered an FIR against the five accused and are conducting further investigations to trace the money trail and identify any additional perpetrators.
5. What is the importance of this case?
This case highlights the growing issue of financial fraud targeting elderly individuals, especially those with health issues, and underscores the importance of safeguarding personal financial information.