Mumbai Police Arrests IPS Officer's Husband in Multi-Crore Real Estate Scam

The Economic Offences Wing of Mumbai Police has arrested Purushottam Chavan, the husband of an IPS officer, in connection with a multi-crore real estate fraud. Chavan and his associates allegedly swindled Rs 24.78 crore from 19 individuals by promising flats at low prices using forged documents.

Real EstateFraudMumbaiEowArrestReal Estate MumbaiMay 20, 2025

Mumbai Police Arrests IPS Officer's Husband in Multi-Crore Real Estate Scam
Real Estate Mumbai:Ahmed Ali, Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police made a significant arrest on Tuesday, detaining Purushottam Chavan (53), the husband of an IPS officer. Chavan, along with nine associates, is accused of defrauding 19 individuals of Rs 24.78 crore by promising them flats at unusually low prices.

The suspects allegedly used forged documents, including fake registration papers for flats, to deceive the victims. These documents were presented as genuine, along with fabricated photocopies and photographs, to support their claims. The meticulous planning and execution of the scam involved the production of fake government quota property documents, which were used to dupe multiple victims.

Chavan was initially arrested by the Enforcement Directorate (ED) in a separate Rs 263 crore tax deducted at source (TDS) scam. During searches, the ED discovered fake property sale documents and alerted the EOW. The EOW took charge of the investigation and uncovered the extent of the real estate fraud.

The EOW took Chavan's custody from Arthur Road jail, where he was lodged in the ED case. The arrest has shed light on the intricate network of fraud and the methods used by Chavan and his associates to swindle unsuspecting victims. The EOW is now focusing on recovering the lost funds and bringing all the perpetrators to justice.

This case highlights the growing concern of real estate fraud in Mumbai, where property prices are among the highest in the country. The police have urged the public to exercise caution and verify all documents thoroughly before making any property transactions. The arrest of Purushottam Chavan serves as a warning to others who might be involved in similar fraudulent activities.

Frequently Asked Questions

Who was arrested in the real estate scam?

Purushottam Chavan, the husband of an IPS officer, was arrested in the real estate scam.

How much money was allegedly swindled in the scam?

The accused allegedly swindled Rs 24.78 crore from 19 individuals.

What was the method used to deceive the victims?

The suspects used forged documents, including fake registration papers and government quota property documents, to deceive the victims.

Which agencies were involved in the investigation?

The Economic Offences Wing (EOW) of Mumbai Police and the Enforcement Directorate (ED) were involved in the investigation.

What is the public advised to do to avoid such scams?

The public is advised to exercise caution and verify all documents thoroughly before making any property transactions.

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