A former senior official of two Reliance Group Companies has been arrested after he committed a fraud worth ₹17 crore with the company. The accused, Mukesh Shah was director of Isha Buildtech and Isha Infratech and duping the company, he pretended to use the money for the renovation of Sea Wind building, owned by Ambanis, at Cuffe Parade.
As per a report in Mumbai Mirror, Shah, a resident of Ghatkopar, was missing from his home since September last year. After which, his family members filed a missing complaint report in October. Shah was one of the most loyal employees and had been working in Reliance Group since 1988.
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Eventually, he went on to become the Director of Isha Buildtech in 1998 and later also became the director of Isha Infratech in 2012. Both the companies were responsible for Sea Wind's maintenance. Soon, in June 2018, Shah resigned from the company and stopped going to office.
After which, when the newly appointed Director checked previous records, the inspections revealed that alleged transactions were made from the company without any entries in the record. All the money was allegedly transferred to many companies for maintenance and repair of Sea Wind.
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However, the work was not done at the building nor had any contractors signed for the work. Accordingly, it was found that Shah had forged the signature of one of the employee and transferred the money.
After which, an FIR was filed against Shah in Mumbai's Cuffe Parade Police Station for forgery.
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