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Delhi Police's Crime Branch has busted an organised property fraud syndicate that duped a woman of INR 12.04 crore through a fake sale of a luxury apartment at DLF Camellias in Gurugram. Five accused have been arrested for using forged bank auction documents to falsely claim ownership of the property. Investigations revealed that the defrauded amount was routed through multiple bank accounts to conceal transactions. Police believe the group has carried out similar scams across states, with total fraud proceeds estimated to exceed INR 200 crore.
Delhi Police's Crime Branch has unearthed a well-planned interstate property fraud racket involving the fake sale of a luxury apartment in Gurugram's DLF Camellias, resulting in a loss of INR 12.04 crore to a homebuyer. Officials said five people have been arrested so far for their roles in cheating, forgery and criminal conspiracy. Advertisement
According to investigators, the accused posed as authorised sellers of a high-value apartment and produced forged documents claiming the property had been acquired through a bank auction. These documents included fabricated sale certificates, auction papers and receipts, which were shown to the buyer to build credibility and urgency around the deal.
The complainant later transferred the entire amount through RTGS and demand drafts to accounts linked to a firm named MG Leasing & Finance. Subsequent verification with the concerned bank revealed that no such auction had taken place and that all documents submitted by the accused were fake.
Financial analysis carried out by the Crime Branch showed that the funds were quickly moved across several bank accounts to mask the trail. Police teams conducted searches at multiple locations in Delhi-NCR, Bhopal and Mumbai as part of the probe. During these operations, they identified the main accused, Mohit Gogia, who was apprehended while attempting to flee towards Uttarakhand.
During interrogation, Gogia disclosed the involvement of other associates who assisted in preparing forged documents, introducing victims and laundering money through their personal bank accounts. Investigators said some of the money was further circulated through a private finance company to generate commissions and commissions-based returns.
Apart from arresting the accused, police have seized vehicles purchased using the defrauded funds and frozen several bank accounts linked to the scam. Officials noted that preliminary findings indicate the group may have cheated multiple victims using similar methods, with the total fraud amount estimated to be over INR 200 crore. Further investigation is underway to identify additional victims and recover remaining proceeds.
Source PTI
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