Mumbai: The Special Investigation team (SIT) of Mumbai Police, formed to probe all cheating-related offences against the construction firm Kamla Landmarc, on Monday arrested film producer Parag Sanghvi in a case of cheating an investor of Rs 13.74 crore.

Sanghvi is one of the partners in a construction firm with Jitendra Jain, who is director of Kamla Landmarc. Sanghvi is a film producer who has made home productions such as ‘Partner,’ ‘Bhoot Returns,’ ‘Ab Tak Chhappan’ and ‘The Attacks of 26/11.’ In September, he was questioned by the Enforcement Directorate in a money laundering case.

Sanghvi, who is chief executive officer (CEO) of Alumbra Entertainment Pvt Ltd, has been booked for cheating, forgery, breach of criminal trust and criminal conspiracy. Jitendra Jain was arrested by the Economic Offences Wing (EOW) in 2016 for allegedly cheating home buyers and later there were multiple FIRs registered against him and his company; since then, he has been languishing in jail.

In the fresh FIR, the complainant, Sujal Developers, has alleged that Sanghvi, Jain, and their other partners conspired with each other and duped him of his three commercial properties to the tune of Rs 13.74 crore. In 2013, the complainant had purchased three commercial units from Jain’s two construction companies, Kamla Landmarc Infra and Kamla Landmarc Properties – in the latter’s commercial building on 36 Turner Road, Bandra, for Rs 10.49 crore, with registered agreements. While one unit was in A wing 502, the two other units, 501 and 505, were in B wing.

“At the time of purchase, Jain had offered the complainant handsome rent for these units. An 11-month leave and license agreement for three units was signed between the complainant and Jain’s own sister companies, Alumbra Enterprises and Media Limited and Metallica Industries,” said an officer.

Unit 501 and 505 was given on lease to Metalica Industries in which Jain, Ketan Shah, Saurabh Vashist are directors, and 501 in A wing was given to Alumbra Entertainment and Media, in which Jain, Sanghvi and Gopal Dalvi are directors. Initially the complainant received rentals for around one year, but later it stopped. He then approached Jain, who gave him vague reasons.

He later found out that only one of the three units were registered in his name, but this office did not exist. Another unit, 501, was registered and sold to one Rohit Kandharia for Rs 5.97 crore. He later found out that Jain, Sanghvi, Dalvi, Ketan Shah and Mitesh Mehta were partners in Alumbra Entertainment.