Forged documents to fake auctions, how Delhi man pulled off luxury property scam

Delhi-based businessman Mohit Gogia has been arrested for allegedly orchestrating a luxury property scam that involved faked documents and a Rs 200 crore fraud. The alleged scam centered around the exclusive property at No. 9, Amrita Shergill Marg in Lutyens' Delhi, described as one of the most coveted addresses in the city. Gogia claimed to have seized the property and planned to sell it through a bank auction for around Rs 75 crore, but the claim was backed by forged documents.

The property is believed to have been mortgaged as collateral for a third-party loan. Gogia allegedly approached real estate developer Sonakshi Bansal with the offer to buy the property, falsely claiming that he was a real estate dealer and that his company was authorized under the SARFAESI Act to sell confiscated properties. Despite the family's due diligence, Gogia managed to secure a payment of Rs 43 crore from Bansal and promised the remaining amount could be obtained through a loan from SBI.

However, the property never materialized, and Gogia failed to deliver on his promises, resulting in bounced cheques and a police investigation.