Delhi Police Busts Rs 200 Cr Fake Bank-Auction Racket; DLF Camellias Case Exposes Nationwide Scam

• Delhi Police busted a Rs 200 crore nationwide fake bank-auction racket, arresting five individuals.
• The scam involved forging State Bank of India documents to sell non-existent or disputed luxury properties at steep discounts.
• A woman was defrauded of Rs 12.04 crore for a non-existent flat at DLF Camellias, leading to the investigation.
• Mastermind Mohit Gogia, wanted in 16 similar cases, along with accomplices, used multiple accounts and firms to launder funds.
• The racket exploited public trust in distressed-property auctions, creating a false sense of institutional legitimacy with fake bank paperwork.

Why It Matters: Police uncover a Rs 200 crore nationwide fake bank-auction scam exploiting trust in distressed property deals.