A Mumbai court has rejected police attempts to clear Anchor Group in a redevelopment fraud case, instead ordering legal action against seven accused individuals following allegations of forgery and fund misappropriation.

Mumbai’s Wadhwa Group faces an FIR for ₹57 crore fraud, accused of breaching financial commitments in a stalled Goregaon housing project. The case, now with the Economic Offences Wing (EOW), stems from alleged contract violations and unfulfilled payments to Policon Realtors.

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.