Chargesheet soon in fraud case against NGO | mumbai | Hindustan Times
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Chargesheet soon in fraud case against NGO

mumbai Updated: Jun 03, 2010 01:00 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The D.B. Marg police have completed the investigations into the allegations that non-governmental organisation (NGO) Dignity Foundation forged the power of attorney of senior citizen H.S. Wadia (89) to administer his property worth crores and withdraw Rs 1.24 lakh from his account.

The police said they would file a chargesheet against members of Dignity.

According to N.R. Mali, senior police inspector, they received an order from the Girgaum metropolitan magistrate’s court, based on which they arrested Dignity head Sheilu Srinivasan. “The complaint was filed in September 2009 by an 89-year-old man. We arrested Srinivasan and later released her on bail,” said Mali.

On Monday, Srinivasan (62) furnished a surety of Rs 15,000 based on a sessions court order on an anticipatory bail application. “We don’t require Srinivasan’s custody,” said Mali.

According to the complaint filed by Wadia, an Opera House resident, Dignity members fraudulently obtained his power of attorney over shares worth Rs 6.5 crore owned by him. The complaint said the shares were sold by a man named Mehernosh Palia, who influenced him to become their co-owner.

Using the power of attorney, Rs 1.24 lakh were transferred from Wadia’s bank account to Dignity’s, the complaint said. “We arrested Srinivasan as she was the signing authority on the documents,” said Mali.

The police found that Hemang Desai, a Dignity member, forged the documents and created the bogus power of attorney. Desai was arrested in December 2009 and later released.

D.B. Marg police officers said Wadia was not a Dignity member and the NGO could not transfer money on his behalf.