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A Mumbai court has ordered the Oshiwara police to register a First Information Report against three directors of MyFledge Private Limited following a complaint filed by television actor Ayush Shah alleging fraud to the tune of ₹4.44 crore. The Judicial Magistrate First Class at the Railway Mobile Court in Andheri issued directions on November 2, instructing law enforcement authorities to initiate an investigation into allegations of cheating, forgery, and financial deception. Shah, known for his roles in television serials such as Mahabharat, Navya, and Uttaran, accused the firm’s leadership of inducing him to invest substantial sums through fabricated records and misleading claims.
Three Company Directors Named Over Forgery and Deception
The complaint names company directors Biswajit Badal Ghosh, Piyali Shyamalendu Chatterjee, and Bijoya Subratakumar Das as accused in the alleged fraud. Shah alleged that the directors deliberately presented fabricated documents to project an inflated image of the company’s financial soundness and commercial credibility. Acting on the court’s directive, the Oshiwara police will now investigate the accusations to verify the origin and authenticity of the records submitted to the actor.
According to the complaint, the alleged inducement involved forged bank account statements, falsified property papers, misleading office premises details, and exaggerated corporate accolades. Shah stated that the directors utilized fabricated business contacts alongside assurances of incoming large-scale investments to persuade him to invest his capital. Relying on these commitments and representations, the actor transferred funds to the company, ultimately suffering a financial loss amounting to approximately ₹4.44 crore.
Legal Action Broadens With Six Cheque Bounce Cases
Beyond the immediate fraud complaint, Shah has instituted six separate criminal proceedings against the directors of MyFledge Private Limited under laws governing cheque dishonour. These cases remain pending before the Girgaon court in Mumbai. Through his latest complaint, the actor sought a wider police inquiry into the broader allegations of systematic financial cheating, criminal conspiracy, and the generation of counterfeit documentation.
Expressing relief over the judicial intervention, Shah remarked that the episode had caused considerable personal and financial distress. The actor stated that he committed significant capital based entirely on the assurances presented by the directors, adding that he expects the police probe to uncover the complete facts of the transaction. Shah’s counsel, Advocate Govind Ghogre, noted that the magistrate’s directive represents a crucial step toward establishing legal accountability, confirming that material substantiating the financial transactions, forged paperwork, and disputed claims has been formally placed before the court.
Police to Probe Paper Trail and Potential Accomplices
Pursuant to the judicial order, the Oshiwara police are set to scrutinize the banking trails, transaction histories, and business documentation linked to the disputed investment. Investigators will examine how the funds were collected, whether the documents presented to Shah were genuine, and if additional persons outside the board of directors played a role in executing the alleged transactions.
The pending investigation will determine the veracity of the claims submitted by both sides as statutory procedures get underway. While the magistrate’s order clears the path for formal police action against the company directors, the findings will depend on forensic analysis of the financial records and evidentiary corroboration gathered during the inquiry.
