Real Estate Agent Denied Bail for Aiding Multi-Crore Cyber Fraud
A 33-year-old real estate agent, Kamleshkumar Mali, has been denied bail by a special CBI court in Mumbai for allegedly facilitating a cyber fraud of over ₹7.72 crore. The court ruled that individuals who allow their bank accounts to be used for such criminal activities cannot escape criminal liability.
Cyber FraudReal Estate AgentBail DeniedCbi CourtMumbaiReal Estate NewsJan 3, 2026
The special court rejected Mali’s bail plea, noting that he had played an active role in “committing the fraud and duping innocents.” According to the police, the incident began when a senior citizen received a call from someone posing as an official from the Telecom Regulatory Authority of India (TRAI) on July 4, 2025. The fraudster informed the elderly woman that bank accounts had been opened with Canara Bank using her identity documents and were involved in a money laundering case linked to Jet Airways founder Naresh Goyal.
The complainant then received a WhatsApp call from a person claiming to be a senior police inspector named Ajay Basariya. He threatened to freeze her bank accounts and arrest her if she did not cooperate in the “investigation.” Basariya further informed her that she was under “digital arrest.” Over time, the fraudster coerced her into selling shares and transferring over ₹7.72 crore to various bank accounts provided by him.
After the fraudsters had drained her life savings, they cut off communication with her. It was then that the woman realized she had been cheated and lodged a complaint with the cyber police. The investigating officers discovered that ₹65 lakh of the proceeds of the crime had been credited to a bank account in the name of Captown Realties Pvt Ltd, a company owned by Kamleshkumar Mali.
The prosecution informed the court that ₹2.72 crore was deposited in Mali’s bank account between July 1 and August 27, 2025, and the sum was later withdrawn. Mali’s defense, represented by advocate Tauqeer Siddiqee, argued that his client had been falsely implicated and deserved to be released on bail. Siddiqee claimed that Mali, working as a real estate agent, had allowed his friend and absconding accused, Kunal Athiya, to use his bank account in good faith. He further stated that Athiya had misused the account without Mali’s knowledge and that Mali was prepared to return the money credited to his bank accounts.
Public prosecutor Ramesh Siroya opposed the bail plea, contending that Mali had not provided satisfactory reasons for the amounts credited to his bank account and that further investigation was necessary. Siroya also mentioned that a substantial sum involved in the crime had not been recovered and that there were other accused persons who were still at large.
Special Judge AV Gujarathi rejected Mali’s bail plea, stating that it was “crystal clear” that he had facilitated the crime. The court noted that Mali had not filed a criminal complaint against Athiya for cheating him or misusing his bank account. Additionally, Mali’s bank account had been used in at least three cyber frauds, making it “clear that he was aware of the malafide intentions of the co-accused.”
Frequently Asked Questions
What was the amount of the cyber fraud?
The cyber fraud involved an amount of over ₹7.72 crore.
Who was the real estate agent involved in the fraud?
The real estate agent involved in the fraud is Kamleshkumar Mali.
Why was bail denied to Kamleshkumar Mali?
Bail was denied to Kamleshkumar Mali because the court found that he had played an active role in the fraud and had facilitated the crime by allowing his bank account to be used for illegal activities.
What role did the elderly woman play in the fraud?
The elderly woman was the victim of the fraud. She was tricked into transferring over ₹7.72 crore to various bank accounts provided by the fraudsters.
What evidence was presented against Kamleshkumar Mali?
Evidence against Kamleshkumar Mali included the large sums of money deposited into his bank account and the use of his bank account in multiple cyber frauds, indicating his involvement in the criminal activities.
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