Businessman Secures Bail in ₹7.42 Crore Fraud Case Involving Fake Government Plots
Bizman granted bail in ₹7.42-cr ‘government quota’ plot fraud

Image: Hindustan Times
Purushottam Prabhakar Chavan, a businessman in Mumbai, has been granted bail by a special court after being accused of defrauding investors of ₹7.42 crore through a scheme involving fake government quota plots. The court ruled that his prolonged detention was unjustified as the investigation was complete and the trial had not yet begun.
- 01Purushottam Prabhakar Chavan was accused of cheating investors out of ₹7.42 crore.
- 02The court granted bail due to the completion of the investigation and lack of immediate trial prospects.
- 03Chavan had been in custody since June 2025, raising concerns about prolonged incarceration.
- 04The prosecution presented evidence of forged documents used to mislead investors.
- 05The court noted that the risk of evidence tampering could be managed with bail conditions.
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A special court in Mumbai has granted bail to Purushottam Prabhakar Chavan, a businessman accused of defrauding investors of ₹7.42 crore through a scheme involving fake government quota plots. The court ruled that Chavan's prolonged detention, since June 2025, was not justified as the investigation was complete and the trial had not yet commenced. The Economic Offences Wing of Mumbai police had filed a first information report (FIR) against Chavan, who allegedly conspired with associates to sell plots at below-market rates by impersonating government officials and using forged documents. The prosecution claimed that these fraudulent activities led to the misappropriation of funds from investors. Chavan's defense argued that all material evidence had been secured, and his continued custody amounted to punitive detention without trial. The court acknowledged that while there were concerns about evidence tampering, these could be addressed through bail conditions. Ultimately, the court decided that the lack of immediate trial prospects and the length of Chavan's incarceration weighed in favor of granting bail.
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The case highlights issues of investor fraud in Mumbai, potentially affecting public trust in real estate transactions.
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