NEW DELHI: A woman who wanted to put an expensive Gurugram address in her portfolio was in for a shock when she discovered that the property she wanted to buy at the super exclusive DLF Camellias in Gurugram at a throwaway price did not exist. However, by then, she had already transferred Rs 12.02 crore in the bank accounts of property fraudsters.
The Delhi Police’s Crime Branch has busted the high-value interstate property fraud racket that cheated her. Five key accused, including alleged mastermind Mohit Gogia, have been arrested, while several others are still at large.
The police said the racket was linked to property frauds worth over Rs 200 crore in multiple states. The accused allegedly used forged bank auction documents and fake sale certificates to lure victims with promises of premium properties at a fraction of the market rates.
“This was a well-organised network that prepared fake bank auction papers and rotated cheated money through multiple accounts to hide the trail,” said Deputy Commissioner of Police (Crime Branch) Aditya Gautam, adding that efforts are on to arrest remaining accused and make recoveries.
The case came to light after a complaint was received on June 13. The complainant alleged that Gogia and his firm MG Leasing & Finance showed her documents claiming a flat in DLF Camellias had been purchased in a bank auction. Trusting the papers, she transferred Rs 12.04 crore through RTGS and demand drafts between August and October 2024.
Later, the bank confirmed that all documents were forged. Investigators traced the money trail through layered accounts and arrested Gogia on November 22 while he was fleeing towards Uttarakhand.
Based on his disclosure, four more accused—Vishal Malhotra, Sachin Gulati, Abhinav Pathak, and Bharat Chhabra—were arrested for laundering money, preparing forged documents and facilitating the deal. Two cars bought with the cheated money have been recovered, and several bank accounts have been frozen. The police said Gogia is named in at least 16 similar cases.