Mumbai's Economic Offences Wing has arrested a Kolhapur-based developer in connection with a significant ₹55 crore fraud scheme in a Versova redevelopment project. The developer allegedly aided in forging documents to illegally mortgage and sell society members' flats, marking the second arrest in this high-profile case.

Fraudsters impersonating MHADA officials have reportedly duped 61 homebuyers in Mumbai of ₹2.41 crore by promising subsidised flats through a fake special quota scheme.