The Kandivli police have arrested two trustees of an educational trust for allegedly securing a loan of Rs 2.5 crore from a bank using forged documents, including a fake no-objection certificate (NOC). The arrested trustees have been identified as Jayesh Navinchandra Majithia, 60, and Kirti Vanmalidas Zaveri, 70. According to officials, the duo fabricated a NOC on the letterhead of Anjuman-e-Najmi Dawoodi Bohra Trust, a Kandivli West–based trust established in 1993. The forged document was submitted to the bank as part of the loan application.

Mustafa Yusuf Ali Gom, 55, secretary of the Trust, said, “The Anjuman-e-Najmi Dawoodi Bohra Trust was established in 1993, and I have been serving as its secretary since 2012. Nearly 30 years ago, our trust leased a plot on Mathuradas Extension Road, Bora Colony, for 97 years to Esplanade Education Society, which later built and operates the Esplanade High School.”

The fraud came to light on April 23, when a representative from the bank visited the trust’s office to verify the NOC. Members noticed that the letterhead used was outdated and the signatures of both the chairman and secretary were forged. On further inspection, they also found a fabricated agreement letter dated October 19, 2023, falsely showing the trust’s consent to mortgage the school land.