The Delhi High Court denied relief to Ram Singh, accused of duping a woman of Rs.12 crore by selling a fake DLF Camellias flat. The Court said he appeared the key conspirator and principal facilitator in the case.
The Delhi High Court refused anticipatory bail to Ram Singh, who is accused of selling a non-existent flat in DLF Camellias and defrauding a woman of more than Rs.12 crore.
In an order dated March 24, Justice Anup Jairam Bhambhani said Singh may have played a central role in the scam.
The court found that Singh appears to be the key conspirator and principal facilitator who knowingly enabled the routing, rotation, laundering and concealment of the money through multiple-layered bank accounts, shell entities, and trusted associates with the intention of disguising the proceeds of crime.
The court added,
“This court is tempted to observe that – after all, the maestro leads from a distance, commanding the orchestra, with no instrument in his own hand,”
The matter arose from a complaint accusing several persons of cheating and forging documents to the tune of about Rs.12.04 crore. The prosecution says the fraud involved multiple accused, including Mohit Gogia and others associated with a firm called M/s MG Leasing & Finance.
The complainant alleges she was persuaded to invest in a luxury unit at DLF Camellias purportedly bought at a bank auction based on forged paperwork and false assurances.
Although Singh’s name did not initially appear in the FIR, investigators say his role emerged from co-accused statements, banking records, and income-tax probes.
Delhi Police contend that Singh acted as a financial intermediary, circulating funds through layered bank accounts to hide their origin. According to the police, more than Rs.7 crore was routed into Singh’s accounts from other accused, as part of a wider transaction network allegedly used to launder the proceeds.
The court also noted troubling conduct by Singh during the probe: he failed to respond to repeated notices, prompting the issuance of non-bailable warrants and the start of proclamation proceedings.
The court observed,
“Considering the nature of the offence, the petitioner is eminently in a position to conceal, manipulate, or destroy crucial evidence unless he is taken into custody,”
On that basis, the bench turned down his interim bail request.
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Senior Advocate Mukul Rohatgi, assisted by Abhinav Sharma, Avtar Singh and Ayushi Agarwal, represented Ram Singh. Counsel for the complainant included Tanmay Mehta, Rajeev Aggarwal, Ankit Gupta, Mayank Kamra, Sanya Kashyap and Manbhar Mittal.
Delhi Police was represented by Standing Counsel Sanjay Lao, Additional Standing Counsel Sanjeev Bhandari, and advocates Abhinav Kr Arya and Aryan Sachdeva.