Power of Attorney: Mumbai Conman's Elaborate Scheme Costs Fatehpuria Family INR 150 Crores in Prime Property

In a shocking tale of deception and manipulation, the venerable Fatehpuria family has suffered a staggering loss of INR 150 crores in prime property in the heart of Mumbai. The orchestrator of this elaborate con, Abhishek Badriprasad Saraf, wove a web of deceit so intricate that it ensnared the family's heritage property on the third floor of the iconic Explanade House in Mumbai.
The narrative began innocently enough when Kedar Nath Fatehpuria, the Chairman and Managing Director of Martin Burn Limited, crossed paths with Abhishek Saraf through familial ties. Seizing on an opportunity to exploit the family's Mumbai property, Abhishek spun a tale of assistance in resolving their legal battles with the R.D. Sethna Trust. The property, located in the historic Explanade House, was once the mansion of the illustrious Jamsetji Tata, now a UNESCO heritage site.
Under Abhishek's persuasive guise, Fatehpuria agreed to embark on a business venture while entrusting the management of their property and litigation to him. On March 30, 2009, Fatehpuria granted Abhishek Saraf the formidable power of attorney, believing it would pave the way for a harmonious resolution.
Unbeknownst to the Fatehpuria family, Abhishek embarked on a sinister journey of forgery and manipulation. With cunning precision, he covertly opened a parallel bank account to siphon off rents and convinced the family to extend loans and disburse over INR 40 lakhs. He skillfully secured control over the electricity meter through bribery and cunningly expanded his territory within the building, all under the very noses of the R.D. Sethna Trust.
With audacity bordering on audaciousness, Abhishek Saraf has successfully usurped the entirety of the third floor of the Explanade House, leaving the Fatehpuria family in a legal quagmire. Martin Burn Limited has expended over a crore in legal fees over the last 14 years, yet the property remains elusive.
Saraf's claim rests on the assertion that the granted power of attorney was irrevocable, a legal twist that underscores the lengths to which cunning minds like his will go to exploit systemic vulnerabilities. His occupation of the heritage building's third floor, owned by the R.D. Sethna Trust, epitomizes the corrosive influence of bribery and forgery on India's legal landscape.
This cautionary tale serves as a stark reminder of the vulnerability inherent in the power of attorney. In a nation where criminals can navigate legal loopholes and capitalize on corruption, individuals and institutions alike must exercise utmost vigilance. As the Fatehpuria family grapples with their loss, their tale is an urgent call for reform and awareness against such nefarious machinations.
In a world where deception lurks in unexpected corners, the lesson resonates: Diligence in evaluating the credibility of power of attorney recipients can prevent catastrophes like the one that befell the Fatehpuria family.

Santosh Sakpal
Phone: +91 82689 17276
Email: santoshsakpal03@gmail.com
Address: B/6 Shimgyamanohar Apartments, Thane Belapur Road, Digha West, New Mumbai 400708

Santosh Sakpal is a dedicated private investigator committed to upholding justice and uncovering corruption. With a firm belief in truth and transparency, Sakpal has exposed numerous instances of misconduct and bribery, tirelessly working towards reinstating faith in the integrity of the system.

This release was published on openPR.