Mumbai Court Orders FIR Against MyFledge Directors in Rs 4.44 Crore Fraud Case
A Mumbai judicial magistrate has ordered law enforcement officers at Oshiwara police station to file an FIR against three executives of MyFledge Private Limited. The judicial directive follows a formal criminal complaint submitted by television actor Aayush Shah alleging cheating and forgery involving Rs 4.44 crore. Judicial Magistrate First Class Shailja O. Pandey of the Railway Mobile Court in Andheri issued the directive on November 2. The magistrate instructed the officer-in-charge of the Oshiwara police station to initiate an investigation under Section 175(3) of the Bharatiya Nagarik Suraksha Sanhita.
Investment Inducements and Accused Company Directors
The complaint names company directors Bishwajit Badal Ghosh, Piyalee Shyamlendu Chatterjee, and Bijoya Subratkumar Das as accused parties. Shah, recognized for his television roles in Mahabharat, Navya, and Uttaran, operates a media, communications, and public relations business alongside his sister. According to the complaint, Ghosh initially approached the actor through a social media platform to propose commercial investment opportunities in MyFledge. The accused parties allegedly projected substantial income streams and corporate expansion plans to persuade Shah to advance funds.
Forged Banking Records and Financial Discrepancies
Shah alleged that the directors utilized fabricated bank account statements, forged property paperwork, and fictitious office lease details to project legitimacy. The complaint further asserts that the accused presented fabricated business awards and bogus contacts to induce substantial financial commitments. Court records indicate that Shah and family members transferred Rs 4,44,48,000 to the respondents across multiple banking transactions. The complaint states that the directors subsequently secured an additional Rs 85 lakh under assurances that a maturity policy would conclude by December 2025. The advanced funds were never reimbursed despite repeated repayment demands and requests for formal extensions. The case has been filed under multiple sections of the Bharatiya Nyaya Sanhita (BNS), 2023, including Section 316(1), according to Face2News.
Cheque Dishonor Proceedings and Judicial Directives
A preliminary police inquiry report submitted to the magistrate indicated that the respondents had obtained loans from Shah and issued 32 cheques in his favor. Apart from the magistrate court proceedings, Shah has filed six criminal cheque-dishonor cases against the MyFledge directors before the Girgaon Court in Mumbai. The magistrate observed that the documentary evidence presented discloses a prima facie cognizable offense warranting formal police intervention. The court emphasized that the allegations necessitate detailed and scientific evidence gathering that can only be conducted by police investigators. The magistrate directed the Oshiwara police to submit a comprehensive investigation report to the court within two months of receiving the order.
Legal Responses and Law Enforcement Timelines
Reflecting on the judicial order, Shah described the ordeal as deeply distressing on both personal and financial levels. Shah stated that he trusted the financial representations made to him and expressed gratitude that the court initiated formal proceedings. His legal counsel, Advocate Govind Ghogare, stated that the court's order represents a crucial measure to ensure allegations are investigated under due legal process.