EOW probes 3 partners for Rs 25.42 crore business fraud in Mumbai

• Mumbai EOW is investigating a case where a businessman was allegedly duped of Rs 25.42 crore.
• Three partners, Talha Abbas Mukhi, Amir Talha Mukhi, and Adil Talha Mukhi, are accused in the fraud.
• The alleged scheme involved a 25-year partnership contract and renovation costs for Hotel Fountain City in Vasai.
• The accused reportedly failed to fulfill commitments or return the money spent between August 2023 and 2024.
• No arrests have been made; the case was transferred to the EOW for further investigation.

Why It Matters: Highlights risks of financial fraud in business partnerships.