NT Reporter
Panaji
The Economic Offences Cell (EOC) of Goa police has registered an FIR against eight individuals accused of cheating a Mumbai-based resident of more than Rs 4 crore under the pretext of investment in a hotel project and sharing
of profits.
The complainant, Gul Achhra from Andheri West, Mumbai, invested Rs 2.5 crore in a partnership firm involved with the hotel project. However, the accused allegedly failed to pay the promised profits for the financial years 2019 to 2024, amounting to approximately Rs 4.05 crore.
The FIR names Prakash Motwani and Lata Prakash Motwani, residents of Candolim but originally from Mumbai; Neil Dsouza and Aubrey Dsouza from Calangute; Jaffrin Johnson John from Caranzalem, Panaji; Rosemary Vaz from Panaji; Ismail Shaikh from Salvador Do Mundo, Bardez; and Amit Bajaj
from Delhi.
According to the complaint, the accused hatched a criminal conspiracy between 2019 and 2024 in Panaji by executing a deed of partnership dated October 25, 2019. The agreement allotted a 15% share to the complainant in the partnership operating the hotel business, ‘Hotel Shalom Indus Residency’, located in Candolim. The accused had promised profit distribution every 15th of the preceding month via cheque deposited directly into the partnership account.
Relying on these assurances, the complainant invested Rs 2.5 crore. However, the accused failed to distribute the profits for five financial years, resulting in a total loss of around Rs 4.05 crore, according to
the complaint.
The FIR has been registered under relevant sections of the Indian Penal Code (IPC), and the case is currently under investigation by PI
Ramesh Shirodkar.
8 persons booked for cheating Mumbai resident of over `4 cr
