Allegations of serious fraud, forgery and misuse of funds have come to light against Shah Housecon Pvt Ltd (SHPL) regarding the ongoing SRA project in Malad East, Mumbai. The allegation against company directors Mansukh Shah and Akash Shah is that they raised money in the name of rehabilitation scheme, but spent it for personal gain. This matter is in discussion at the local level and many tenants have approached the High Court. This controversy has become an important part of today’s latest news and News updates.

According to the allegations, SHPL had collected ₹24,000 per person from slum dwellers and encroachers in the name of rehabilitation. In return, a promise was made to allot houses, but most of the beneficiaries neither received houses nor proper documents. The complainants say that the company pretended to give temporary possession and later started charging regular rent. Many residents have termed it exploitation.

The company is also accused of borrowing money from investors and developers by signing several MOUs and financial agreements, after which it issued sudden termination notices. The accused allegedly used this money for personal business instead of the project. The aggrieved party claimed that SHPL misled the public by providing false information about the project status and approvals, making the matter a public interest story.

Dozens of tenants associated with Jai Hanuman and Dadi SRA project in Malad East said that they are neither getting rent nor permanent rehabilitation. The petition filed in the High Court states that the benefits promised by SHPL are nowhere visible at the ground level. Objections are also registered against the company in the 13.2 order registered in the court.

Aggrieved tenants Shantaben and Hiraben say they have been waiting for rehabilitation and rent for years, but have received no response from SHPL. Both of them alleged that the company submitted their documents, took money, but neither gave them a house nor paid them the rent. He has demanded justice, calling it a betrayal of his life’s savings.

Local social workers say that this incident of fraud under the guise of SRA project also raises questions on administrative monitoring. According to experts, if the allegations are found to be true then this case could become one of the biggest SRA frauds in recent years in Mumbai.
When Malad Deputy District Magistrate and competent authority Pawan Chandak was talked about in this matter, he said that a complaint has been received and the matter is also in the court, after whatever action is taken, work will be done to provide justice to the deprived people.

At present, complaints in the case are pending on various forums and the victims have demanded immediate intervention from the government and SRA authority. Now it remains to be seen in which direction the investigation progresses and whether the affected families will get justice. This case is also raising questions on governance and urban development monitoring to national and international news.