MUMBAI: A flat under investigation by the CBI in a Rs 578 core chit fund scam has been sold despite the agency informing the society office-bearers about the probe and seizing the property-related documents.
The flat in Rustomjee Ozone, Goregaon (W), was owned by Ranjita Singh, wife of Mahesh Chandel, one of the directors of the company Fine Indisales being probed by the Kolkota CBI for duping around 2.5 lakh investors spread across various states. Fine Indisales offered 1% return on the investment on a daily basis for 10 months.
The flat was sold for Rs 1.25 crore in December last year, despite the CBI officials seizing documents related to the flat in June. The CBI had collected documents of seven other properties owned by the directors and the company in the society. CBI officials declined to comment about the next course of action. Housing society secretary Amit Gupta did not respond to the calls and text messages.
Of the amount collected from the public, Rs 64 crore was paid to directors Naseer Khan and Shamshad Alam, investigations by the CBI showed. Another Rs 9 crore was transferred to Keystone Realtors and used by the company to purchase four flats and four penthouses at Rustomjee Ozone. A CBI team had visited the housing society in June last year and seized the documents on a complaint filed by Shoaib Richie Sequeira, of NGO Protection of Rights Association.
In his complaint to the CBI, Sequeira has also said about a cricket match being organised by the society at a cost of Rs 20 lakh on Saturday. "One of the accused in the fraud, arrested and released on bail is the captain of one of the teams. Moreover, if the CBI proves the flats were purchased from proceeds of crime, the implications are huge," he said.