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Delhi Police bust Rs 200 crore fake bank-auction racket; DLF Camellias ‘deal’ exposes nationwide scam

The arrest of five people in a Rs 12.04 crore fraud involving a non-existent flat at DLF Camellias has exposed a nationwide property scam that police say has duped victims of over Rs 200 crore across multiple states, according to a report by The Indian Express.

The case, investigated by the Delhi Police Crime Branch, centres on forged bank-auction documents falsely attributed to State Bank of India, a tactic officers say was used repeatedly to sell disputed or fictitious luxury properties at steep discounts.