The Economic Offences Wing (EOW-1) of the Panchkula police has arrested Bhushan Mittal, a native of Rajasthan residing in Mohali, for allegedly defrauding victims of Rs 76.80 lakh through a real estate scam involving forged documents and signatures of deceased individuals.
Details of the Fraud
According to the complainant, Ashok Kumar, a Panchkula resident, Mittal and his wife showed him and his family members seven separate flats at Royal Empire, a township in the Peer Muchhalla area. They lured the victims with promises of substantial returns on investment. The victim's family paid approximately Rs 76.80 lakh to the accused through cash and online payments.
In return, the accused presented them with fraudulent allotment letters and possession letters bearing forged company letterheads. Additionally, Mittal prepared a fake sales agreement in the name of a deceased individual to further the deception.
Legal Proceedings and Arrest
Based on the complaint, a case was registered at the Sector-14 police station on October 30, 2025, under relevant sections of the Bharatiya Nyaya Sanhita (BNS). The Punjab and Haryana High Court rejected Mittal's anticipatory bail plea, leading to his arrest. He was produced before a court on Tuesday and sent to three-day police remand.
According to police sources, "During the interrogation, the accused made several important revelations. Our team will visit the accused's residence in Rajasthan, where we expect to recover the defrauded funds. The counterfeit seals used to prepare the fraudulent documents are yet to be traced. Our team is conducting extensive investigations to determine the involvement of other accomplices in the case."
Impact and Ongoing Investigation
The victims, upon discovering the fraud, demanded their money back, but the accused threatened them. The case is being investigated by ASI Manoj Kumar. The police are now focusing on recovering the defrauded amount and tracing the counterfeit seals used in the scam. They are also probing whether any other individuals were involved in the fraudulent scheme.
