Luxurious apartment that never existed sold for Rs 12 cr | How Delhi Police bust Rs 200 cr property scam
The victim reportedly transferred Rs 12 crore through RTGS between August and October last year after trusting the documents. However, after growing suspicious and found that all documents were forged. The police said that all documents given to the victim were fake and no such auction never took place.
New Delhi: The Delhi Police have busted a major property scam in Gurugram in which a luxury flat at DLF Camellias, that never existed, was sold at Rs 12 crore, with the help of forged bank auction papers. The investigations believed that the same gang might be behind other property-related scams worth Rs 200 crore across the country.
The case came to light after a complaint was filed
The case came to light earlier this year, after a complaint was filed on June 13. According to a report published by ‘The Times of India’, the complainant was allegedly shown fake documents of a luxury flat in one of the well-known posh areas in the National Capital Region (NCR). The victim was apparently told that the said flat was allegedly purchased by the accused firm in an auction and was ready to be transferred at the earliest.
Victim transferred Rs 12 cr after trusting forged document
The victim reportedly transferred Rs 12 crore through RTGS between August and October last year after trusting the documents. However, after growing suspicious and found that all documents were forged. The police said that all documents given to the victim were fake and no such auction never took place.
The probe by the police later traced the money to various bank accounts which were linked to a finance and licensing company run by one Mohit Gogia, said to be the prime accused in the case. Speaking to the paper, DCP (crime) Aditya Gautam said that the bank analysis said that the money was quickly transferred through various accounts to avoid a trail. Several shell firms and beneficiaries have been identified, he added further.
Gang followed the same pattern: Police
Sharing further details, the police said that the gang followed a fixed pattern to identify and cheat victims. They used to target victims by offering luxurious properties at much lower prices than the market value. The gang also used to show forged documents and made them look genuine, including the promise of the earliest possession. The money was then transferred through various accounts, mostly through Babaji Finance, run by absconder Ram Singh alias Babaji.. The police arrested five people in the case, including Gogia, on November 22.