Home » Ashish Sharma Arrested in Rs 8.3 Crore Property Fraud Case

Ashish Sharma Arrested in Rs 8.3 Crore Property Fraud Case

Delhi Police Nab Fugitive After Years on the Run

by Ananya Mehta

In a major breakthrough, Delhi Police’s Crime Branch arrested Ashish Sharma, a 39-year-old man who had been absconding since 2016 in connection with a property fraud case involving Rs 8.3 crore. The arrest took place near the Tilak Marg bus stop after a well-coordinated operation.

The case dates back to 2015, when Sharma allegedly misrepresented a property in west Punjabi Bagh as being free from any legal issues. The complainant entered into an agreement to purchase the property for Rs 12 crore, paying Rs 8.3 crore in installments. However, it was later revealed that the property was already mortgaged with two banks, leading to the filing of a case with the Economic Offences Wing (EOW).

Despite being given ample opportunity to cooperate with the investigation, Sharma failed to do so and was declared a proclaimed offender by the court on February 6, 2019. After receiving a tip-off about his whereabouts, the Crime Branch tracked Sharma down and apprehended him on February 20.

This arrest marks a significant step in resolving the long-running case and recovering justice for the victim of the property scam.

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