Delhi Real Estate and Gold Scam: Family of 10 Dupes Victims of Rs 4.11 Crore
A notorious family racket of 10 members has been accused of swindling crores through fake real estate and gold investment schemes in Delhi-NCR. Eight victims, including a Rohini family, have filed complaints with Delhi Police’s Economic Offences Wing (EOW), leading to an FIR for Rs 4.11 crore fraud spanning November 1, 2023, to June 30, 2024. Funds were siphoned into 42 bogus bank accounts, with threats and bounced cheques sealing the scam’s brutality.
The fraud began at a family gathering where the 10 accused—residents of North East Delhi, Shahdara, Pitampura, Rohini, and Ghaziabad—built false rapport by claiming years in “lucrative investment business.” They dangled irresistible baits like high-return plots in Raj Nagar Extension and gold schemes, even selling a Ghaziabad property with promises of a Pitampura plot in exchange.
Desperate victims borrowed heavily: - Rohini family handed Rs 1.46 crore in cash. - Additional Rs 2.65 lakh deposited into 45 suspicious accounts on instructions. - Bank loans up to Rs 1.5 crore secured amid hype.
After repeated reminders, scammers refunded a measly Rs 2.15 lakh, but promised cheques bounced repeatedly. As pressure mounted, the gang resorted to abuses, death threats, and intimidation to silence demands. Seven more victims surfaced with similar tales, pushing potential losses into several crores as investigations widen.
Evidence submitted to EOW includes call recordings, WhatsApp chats, transaction details, and bounced cheques—painting a clear picture of organized deceit. Police suspect more hidden victims, vowing to dismantle the network.
EOW registered the case under relevant BNS and IT Act sections, freezing suspect accounts and tracing 42 fake ones used for laundering. The family-operated syndicate exploited social ties, blending emotional manipulation with financial greed. Key investigation angles: - Beneficiary trails to accused kin. - Property deal forgeries in Ghaziabad/Delhi. - Gold scheme links to unregulated traders. - Interstate connections via Ghaziabad hubs.
Raids ongoing in Pitampura and Shahdara; arrests imminent as digital footprints mount.
This bust echoes Delhi’s rising investment scams (over Rs 1,000 crore in 2025 per EOW data), targeting middle-class families with property/gold lures. Essential defenses: - Verify deals via RERA/SEBI portals; shun unsolicited pitches. - Insist on registered agreements; avoid cash/odd account transfers. - Record all interactions; report threats immediately. - Consult EOW helpline (011-23492000) or cybercrime.gov.in for suspicions.
As victims fight for justice, the case warns: Trust no “family” in fast-money traps.
