there is nothing business like about central business district cbd belapur beer shops malwani seafood restaurants and electronics goods showrooms dot this quaint locality of navi mumbai which was once an experiment to recreate nariman point in navi mumbai at the heart of cbd belapur is sharda terraces a highrise which houses branches of sbi yes bank kotak mahindra bank and dhanlaxmi bank seven floors above lies an office locked and gathering dust this office used to be the headquarters of sgfx financials a company that was incorporated in the uk on december 13 2010 and was run by a couple named sarvesh narendra gade and shahanaz ashraf bharde between january and june 2011 the value of sgfxs shares which was dissolved on november 27 2012 is estimated to have shot up to 70 billion or rs 7 lakh crore more than twice the valuation of indias largest company reliance industries which incidentally has a swank office 15 kms away on thursday sgfx was thrust back in the spotlight when nationalist congress party ncp filed a complaint with the economic offences wing after party chief sharad pawars name surfaced as a director in the company pawar claims to have no connection with sgfx he also alleges that bhadre and gade falsely and fraudulently submitted his name without his knowledge and incorporated the dubious firma brochure of the company companies house the british equivalent of indias registrar of companies and companies made simple a londonbased company that represented sgfx offered insights though slightly contradictory into how this could have happenedentrance to gades stated residence companies house said proof of id is not required when filing documents directly with the department we just carry out basic checks to make sure that our incorporation documents have been fully completed and signed said jo johnstone a member of the companies house press team but when filing through an agent such as companies made simple then i believe they require a proof of id he said but grant beeming the operations manager of companies made simple which offers services to startups and small businesses said his company would have had no interaction with the individuals concerned as it was an online provider we request or require due diligence documents if there represents an ongoing business relationship pawar isnt the only one crying fraud in early 2014 charan singh name changed a ludhianabased businessman got a call from an employee of online currency exchange or ocx another company run by bhadre and gade that was incorporated in mid2013 asking if he would be interested in making money through forex trading singh wasnt sure about the companys antecedents and balked when the company provided him a reference to another customer who had made money singh agreed to invest 5000 for three months his returns were healthy and on time singh invested another 5000 his payments stopped coming the next month when he called to enquire his customer relationship manager informed him they were shifting office two