Two Directors Booked for Rs 5 Crore SRA Project Cheating in Malad

• Two directors of Shah Housecon Private Limited, Mansukh Shah and Akash Mansukh Shah, booked for allegedly cheating a developer of nearly Rs 5 crore.
• The fraud involved a Slum Rehabilitation Authority (SRA) project in Malad, Mumbai.
• Developer Nilesh Narendra Raghani invested Rs 5.15 crore based on a proposal for the Khothodongri SRA Society redevelopment project.
• The accused failed to clear slum structures or project title; Raghani later discovered the plot ownership was with a charitable trust, not the accused's company.
• The case has been transferred to the Economic Offences Wing (EOW) for further investigation.