Chandigarh Court Declares Absconding GBP Officials as Proclaimed Offenders
The special court in Chandigarh has declared the absconding officials of real estate firm Gupta Builders and Promoters (GBP) as proclaimed offenders. The accused, who are charged with duping investors of over Rs 1,000 crore, have repeatedly failed to appear in court despite multiple arrest warrants.
ChandigarhGbp GroupProclaimed OffendersReal Estate FraudPmlaReal Estate NewsAug 09, 2025
The company and its management are accused of defrauding investors of more than Rs 1,000 crore across the Tricity and several other cities in India. They fled abroad around four years ago, leaving behind a trail of financial distress and legal battles. According to court records, the accused had repeatedly failed to appear despite multiple arrest warrants being issued against them. Given their continued absence, the court declared them proclaimed offenders.
The Enforcement Directorate (ED) has been investigating the matter under the PMLA and has already attached properties worth around Rs 148 crore belonging to the group and its directors. The seized assets include commercial projects at Zirakpur, residential properties, and agricultural land.
Those declared as proclaimed offenders by the court include GBP group officials Satish Kumar, Pradeep Kumar, Raman Gupta, Vinod Gupta, and Anupam Gupta. Despite repeated summons, the accused never appeared before the court, leading to the issuance of non-bailable warrants. The GBP Group also faces numerous cases before the Consumer Commission, several complaints with the Chandigarh Police, and multiple cheque bounce cases, in which they have also failed to appear, prompting more warrants.
As per reports, the Real Estate Regulatory Authority (RERA) had also filed a complaint against the GBP Group in the district court in November 2021 for failing to comply with its orders. When the accused failed to appear, the Chief Judicial Magistrate’s court declared them fugitives in October 2022. The accused are also on the run in a case filed by the Income Tax Department.
The declaration of the GBP officials as proclaimed offenders is a significant step in the ongoing legal proceedings against the company. It underscores the seriousness of the charges and the resolve of the authorities to bring the accused to justice. The authorities are now expected to intensify their efforts to locate and apprehend the absconding officials.
Frequently Asked Questions
Who are the officials declared as proclaimed offenders by the court?
The officials declared as proclaimed offenders by the court are Satish Kumar, Pradeep Kumar, Raman Gupta, Vinod Gupta, and Anupam Gupta of the GBP Group.
What is the total amount of money the GBP Group is accused of defrauding?
The GBP Group is accused of defrauding investors of more than Rs 1,000 crore across the Tricity and several other cities in India.
What actions has the Enforcement Directorate (ED) taken against the GBP Group?
The ED has attached properties worth around Rs 148 crore belonging to the GBP Group and its directors, including commercial projects, residential properties, and agricultural land.
Why did the Real Estate Regulatory Authority (RERA) file a complaint against the GBP Group?
RERA filed a complaint against the GBP Group for failing to comply with its orders, which led to the declaration of the accused as fugitives by the Chief Judicial Magistrate’s court in October 2022.
What other legal cases is the GBP Group facing?
The GBP Group is facing numerous cases before the Consumer Commission, several complaints with the Chandigarh Police, multiple cheque bounce cases, and a case filed by the Income Tax Department.
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