Ashesh Mehta with wife Shivangi Lad Mehta | Image: Facebook In a significant development the Mumbai Polices Economic Offences Wing (EOW) has taken decisive action against the purported masterminds of a Ponzi scheme. 11 bank accounts linked to Bliss Consultants its owner Ashesh Mehta and his wife Shivangi have been frozen by the EOW. Krishna Hegde a former MLA and spokesperson for the Shiv Sena party who has been actively pursuing the case claims that they have also frozen five residential properties connected to the elusive couple. The homes which have a combined value of about 16 crore rupees are situated in Kandivili Goregaon East and Santacruz West. The EOW is investigating additional properties and bank accounts that might require a similar course of action. With the assistance of the Mumbai Police and Krishna Hegde this freeze has resulted in the immobilization of nearly 170 crore INR. Ashesh Mehta and Shivangi Lad Mehta have gone into hiding after allegedly defrauding over 4000 investors out of over a thousand crores. “The Mumbai Police and EOW have responded quickly to my complaint” Hegde said “and I now implore them to expedite the legal process for the release of these frozen assets which can then be rightfully distributed among the investors who have suffered significant financial losses.” Hegde also demanded that the frozen properties be liquidated and the proceeds returned to the investors via a police-managed process. “The EOW has additional information and it would be in Ashesh Mehtas best interests to come forward cooperate with the ongoing police investigations and aid in resolving this matter” Hegde added.

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