Mumbai EOW Investigates Rs 90 Crore Fraud at Provogue India: Former Director and Associates Charged with Asset Undervaluation Scheme

Nov 20, 2025 12:01 pm CST

Mumbai police's Economic Offences Wing has charged four individuals including a former director of Provogue India Ltd in a Rs 90 crore fraud case. The accused allegedly conspired to undervalue company assets and manipulate the auction process over a five-year period from 2018 to 2023, enabling a predetermined purchase at reduced value. The investigation follows a complaint by the company's former managing director.