A man accused of posing as a politically connected fixer to cheat people of lakhs of rupees by promising MHADA flats, government jobs, and high-return investments has been arrested by the Charkop police. Investigators allege that Kiran Mahadik, alias Bunty, used photographs with politicians and ministers to convince victims that he had access to influential decision-makers and government officials.
The latest case involves a 58-year-old widow of a retired Mumbai Police sub-inspector who alleged that she was cheated of nearly Rs 50 lakh after being promised a MHADA flat through a ministerial quota.
Police said Mahadik allegedly targeted people in Mumbai and Pune using similar promises, including government jobs in the Brihanmumbai Municipal Corporation (BMC) and other departments, as well as investment schemes offering unusually high returns.
Victim’s allegations
According to the complaint, the accused repeatedly assured the family that a flat would be allotted under a ministerial quota. Believing the claims, the family allegedly liquidated savings, sold jewellery and borrowed money from relatives to meet his demands. When possession and documentation were repeatedly delayed, the family allegedly realised they had been cheated and approached the police.
How the alleged fraud unfolded
Early 2024
>> Victim’s husband, a retired PSI, was undergoing treatment for liver cancer at a Borivali hospital.
>> Mahadik allegedly befriended the family and frequently visited them.
March 2024
>> Retired PSI passed away.
>> Mahadik allegedly continued meeting the family and gained their trust.
Following months
>> He allegedly claimed he could secure a discounted MHADA flat through political and bureaucratic contacts.
>> The victim was allegedly shown a flat in Borivli and assured allotment.
Payments begin
Funds were arranged through:
>> RTGS transfers
>> NEFT transfers
>> IMPS transactions
>> Cash payments
>> Jewellery sales
>> Help from relatives
Case at a glance
Accused
>> Name: Kiran Mahadik alias Bunty
>> Alleged role: Fake political fixer and conman
>> Current status: In Charkop police custody till June 2
Alleged promises made...
>> MHADA flats through ministerial quota
>> Government jobs
>> High-return investment opportunities
Sources of funds allegedly used by victim
>> Sale of gold jewellery
>> Withdrawals from multiple bank accounts
>> Family savings
>> Financial assistance from relatives
Previous cases linked to accused
Marine Drive case
>> Allegedly cheated a man by promising a government job
>> Victim reportedly lost several lakhs
Pune investment fraud
>> Allegedly promised exceptionally high investment returns
>> Victim reportedly lost more than R15.65 lakh.
>> Mahadik was arrested and lodged in Yerwada Central Jail in that case
Police are now examining...
>> Financial transactions linked to the accused
>> Possible accomplices
>> Other complaints involving MHADA flat promises
>> Alleged government job scams
>> Investment fraud allegations
>> Investigators suspect additional victims may have been targeted and have appealed to anyone cheated through similar promises to come forward
Rs 50 Lakh
Total alleged loss
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