Manager arrested for siphoning funds from housing societies

Manager arrested for siphoning funds from housing societies

• Ajay Shah arrested for siphoning funds from Estonia housing society in Kandivli.

• Shah targeted high-rise housing societies by forging signatures and transferring funds.

• Accused had cheated three societies in Juhu using similar modus operandi.

• Shah gained trust of society members to access and transfer society funds.

• Police found Shah had cheated two other housing societies in the past.