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A Delhi businessman, Ashok Kumar Shetty, and his son are facing police action for allegedly renting a mortgaged flat in Mulund without disclosing its status. Tenant Pravin Singh had paid INR 15 lakh as a deposit and additional rent, believing the flat was free of encumbrances. He was forced to vacate after the ED attached the property in connection with a money laundering case. Despite confronting the owners, the deposit was not refunded. Police have registered offences of cheating and criminal breach of trust, and investigations are ongoing to determine the full extent of the irregularities.
Police have filed a case against Delhi businessman Ashok Kumar Shetty and his son Chandan for allegedly renting out a flat that was mortgaged and later attached by the Enforcement Directorate (ED), which led to the eviction of a tenant and refusal to return the deposit of INR 15 lakh. Advertisement
The complainant, Pravin Singh, stated that he had rented a flat in Mulund in 2021 for a five-year term. He claimed he was not informed that the property was mortgaged. The Shettys reportedly facilitated the rental agreement, collected INR 15 lakh as a deposit along with advance rent, and assured him that the flat was free of any encumbrances.
Singh later discovered that the flat had been mortgaged to a finance company and was attached by the ED in 2022 as part of a money laundering investigation. He faced further difficulties when police and ED officials sealed the flat, forcing him to vacate immediately.
According to the FIR filed at Mulund police station, Singh had also paid INR 10 lakh and INR 5 lakh as rent, which was deposited into a company account of a firm named DCTD in 2022. When Singh personally contacted the finance company, he was informed that the flat had been mortgaged for a loan exceeding INR 53 lakh. Recovery officials, accompanied by police and a court-appointed receiver, later took possession of the flat and sealed it.
Singh claimed that when he confronted Ashok Kumar Shetty and his son, they admitted that the flat was mortgaged but refused to return the deposit, allegedly threatening him. Following this, Singh lodged a complaint with Mulund police station.
Police confirmed that Ashok Kumar Shetty acknowledged receiving the INR 15 lakh deposit and INR 5 lakh rent from Singh. He claimed that the flat was indeed mortgaged and maintained that there was no intention to cheat. He also mentioned that a cheque given to Singh had bounced due to insufficient funds.
By the time Singh approached the authorities, he had already lost possession of the flat along with the deposit. Police have registered cases under sections related to cheating and criminal breach of trust and are actively investigating the matter.
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