Mumbai Police Busts Multi-Crore Real Estate Scam Involving IPS Officer’s Husband

The Economic Offences Wing of Mumbai Police has arrested Purushottam Chavan, the husband of an IPS officer, for his involvement in a multi-crore real estate scam. The scam involved swindling Rs 24.78 crore from 19 individuals by promising flats at exceptionally low prices.

Real Estate ScamEconomic Offences WingMumbai PoliceFraudArrestReal Estate NewsMay 20, 2025

Mumbai Police Busts Multi-Crore Real Estate Scam Involving IPS Officer’s Husband
Real Estate News:The Economic Offences Wing (EOW) of the Mumbai Police has made a significant arrest in a multi-crore real estate scam. On Tuesday, they apprehended Purushottam Chavan (53), the husband of an IPS officer, for his alleged role in defrauding 19 individuals of Rs 24.78 crore by promising them flats at unusually low prices.

Chavan, along with nine associates, is accused of preparing forged documents, including fake registration papers for flats, which were presented to the victims as genuine. The scam involved presenting fabricated photocopies and photographs to support their claims, thereby convincing the victims to part with their money.

The EOW took Chavan into custody from Arthur Road Jail, where he was already lodged in a separate case being investigated by the Enforcement Directorate (ED). The ED had earlier arrested Chavan in connection with a Rs 263 crore tax deducted at source (TDS) scam. During their searches, the ED discovered fake property sale documents and promptly alerted the EOW.

Upon taking charge of the investigation, the EOW uncovered that Chavan and his collaborators had produced fake government quota property documents to deceive multiple victims. These documents were used to create a facade of legitimacy, which allowed the scammers to dupe unsuspecting buyers.

The arrest of Purushottam Chavan marks a significant step in the ongoing efforts to combat financial crimes and protect the public from fraudulent activities. The EOW is continuing their investigation to identify and apprehend the other individuals involved in the scam. Authorities are also working to recover the funds and ensure justice for the victims.

Background on the Economic Offences Wing (EOW):
The EOW is a specialized unit of the Mumbai Police that deals with complex financial crimes. It was established to investigate and prosecute economic offenses, including fraud, money laundering, and tax evasion. The EOW works closely with other law enforcement agencies and financial institutions to combat economic crimes and safeguard public interests.

Background on the Enforcement Directorate (ED):
The ED is a federal law enforcement agency in India responsible for investigating financial crimes, including money laundering and violations of the Foreign Exchange Management Act (FEMA). The ED plays a crucial role in preventing economic crimes and ensuring financial stability in the country.

Frequently Asked Questions

Who was arrested in the real estate scam?

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

How much money was involved in the scam?

The scam involved swindling Rs 24.78 crore from 19 individuals.

What were the methods used in the scam?

The scammers used forged documents, including fake registration papers for flats, and presented fabricated photocopies and photographs to deceive the victims.

Which agencies are involved in the investigation?

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

What is the role of the Economic Offences Wing (EOW)?

The EOW is a specialized unit of the Mumbai Police that deals with complex financial crimes, including fraud, money laundering, and tax evasion.

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