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Gurugram Police have arrested two individuals, including a director of CKC Infra Company, for allegedly defrauding investors through fake real estate projects in Gurugram and Noida. The accused reportedly used forged documents and false assurances to raise nearly INR 5.5 crore. The land shown to investors, particularly near Aparna Ashram, was under dispute and in government possession, making development impossible. The case also involves falsified agreements and diversion of funds. Authorities are continuing their investigation to trace more victims and examine the financial trail linked to the fraud.
Gurugram Police have arrested two individuals, including a director of CKC Infra Company, in connection with a real estate fraud involving fake projects in Gurugram and Noida. The arrests were carried out by the Economic Offences Wing (EOW) in Noida following a complaint by an investor who alleged financial cheating. Advertisement
The accused have been identified as Ashok Chaudhary from Delhi and Chandrakant Chaudhary from Ghaziabad. Both were associated with CKC Infra and had been promoting investment opportunities in projects near Aparna Ashram in Silokhera village, Gurugram, along with another project in Vaishali, Noida.
According to the complaint, the accused approached investors with proposals offering selling rights and high returns in upcoming developments. They presented documents to support their claims and created an impression that the projects were legally valid and ready for execution. Based on these assurances, the investor made multiple payments over a period of time.
Police investigations found that no valid agreements were executed and no development activity had taken place on the promised sites. It was also revealed that the land linked to the Aparna Ashram project was already under dispute and in possession of the Haryana government. Despite being aware of this, the accused continued to market the project and collect funds.
Financial details show that around INR 1 crore was collected in the name of the Gurugram project, while approximately INR 4.5 crore was raised for the Noida project, taking the total amount to nearly INR 5.5 crore. Out of this, close to INR 1 crore was transferred to the company’s bank account and later distributed among the accused, indicating diversion of funds.
Officials stated that forged agreements and fake government-related documents were used to gain investor confidence. The accused reportedly assured that the projects would generate returns within a short period, even though there were clear legal restrictions on the land.
Preliminary findings also suggest that the accused may have approached multiple investors using similar tactics, and more complaints could emerge as the investigation progresses. The police are currently tracing financial transactions to understand how the collected funds were utilised and whether additional entities were involved.
Cases of this nature have been reported in the NCR region in the past as well, where disputed or unapproved land parcels were used to attract investments. Authorities have repeatedly highlighted the need for buyers to verify land ownership, approvals and developer credentials before making financial commitments.
Source PTI
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