Mumbai | October 2025:The Vinoba Bhave Nagar Police have registered a case against Nadeem Hussain Dhamskar, a Kurla-based garment businessman, for allegedly defrauding 52-year-old international logistics entrepreneur Habib Ibrahim Vanu of ₹92.22 lakh under the pretext of a business investment.
Family Ties and TrustThe accused, Nadeem Dhamskar, is the son of Mohammad Hussain Dhamskar, a long-time friend of Habib’s father, Ibrahim Vanu, from Lanja, Ratnagiri. Leveraging this family connection, Nadeem allegedly convinced Habib to invest in a garment business deal, promising lucrative returns.Between May 25 and August 29, 2024, Habib transferred ₹28 lakh from his Axis Bank account to Nadeem’s Bank of India account.
In July 2024, Habib’s nephew Huzef Vanu personally handed over ₹9 lakh in cash to Nadeem at his residence.This brought Habib’s total investment to ₹37 lakh.By July 4, 2024, Nadeem repaid only ₹1.68 lakh, while continuing to share supposed purchase updates through WhatsApp messages. Despite repeated requests, he avoided signing a formal business agreement.
False Profit Claims and Bounced Cheques
In October 2024, Nadeem claimed that the business had generated profits worth ₹56.87 lakh, but Habib did not receive any payment.
Later, Nadeem issued two cheques to settle the total outstanding amount of ₹92.22 lakh, both of which bounced due to insufficient funds.
Realizing he had been cheated, Habib lodged a formal complaint at the Vinoba Bhave Nagar Police Station.
Based on his statement and supporting evidence, police registered a case against Nadeem Hussain Dhamskar for criminal breach of trust and cheating under relevant sections of the Indian Penal Code (IPC).
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