37-Year-Old Vasai Resident Duped Of ₹1.6 Crore In Household Goods Business Fraud; 3 Booked

Palghar: A major financial fraud case has come to light in Vasai East, where a woman has accused three individuals of deceiving her and her relatives of over ₹1.6 crore under the pretext of investment in a household goods business.

About The Case

The complaint, lodged on May 14, 2025, names the accused as Fazil Ilyas Sheliya, Wasima Fazil Sheliya, and Hozefa (Fazil Sheliya's brother-in-law), all residents of Vasai East. The FIR has been registered under Indian Penal Code sections 420 (cheating), 406 (criminal breach of trust), 506 (criminal intimidation), and 34 (common intention). 

The complainant, Farzana Sajid Karodia, a 37-year-old homemaker residing at Navdeep Nagar, Waliv, stated that during the period between 2022 and 2023, she and her family members were convinced by Fazil Sheliya to invest in a business dealing in household goods. He allegedly promised high returns and profits to lure them into investing.

She claims that the accused, acting in collusion, took a combined total of ₹1.6 crore through both cash and online transactions. Despite repeated follow-ups, the money was neither returned nor were any profits shared, raising strong suspicions of deliberate fraud. Furthermore, she alleges that the business was misrepresented and false promises were made throughout the process.

More disturbingly, Farzana mentioned that the accused also issued threats to her safety, allegedly trying to intimidate her into silence.

Sub-Inspector Hanif Shaikh of Waliv Police Station is leading the investigation. No arrests have been made so far. Senior Police Inspector Dilip Ghuge has confirmed the registration of the case and assured that the matter is under investigation.

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