SEBI urged to probe alleged ₹275 crore fund diversion in slum rehab project by listed firm

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According to the complaint, Shah Housecon, described arsenic the developer of the Khot Dongri SRA project, allegedly entered into aggregate MoUs and improvement agreements with antithetic parties implicit respective years

Updated - April 27, 2026 09:48 p.m. IST - Mumbai

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A city-based complaint has urged the Securities and Exchange Board of India (SEBI) to analyse alleged money diversion, capitalist cheating and wealth laundering involving much than ₹275 crore successful a Slum Rehabilitation Authority (SEA) task astatine Khot Dongri successful Malad East, Mumbai.

The ailment filed by 1 Nikesh Raghani relates to a redevelopment task nether the SRA strategy astatine Rani Sati Marg, dispersed implicit astir 5,600 sq. metres.

Published - April 27, 2026 09:46 p.m. IST

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