Chandigarh: Absconding GBP officials declared proclaimed offenders

As per reports, the Real Estate Regulatory Authority (RERA) had also filed a complaint against GBP Group in the district court in November 2021 for failing to comply with its orders

By: Express News Service

Chandigarh | August 9, 2025 23:02 IST

According to court records, the accused had repeatedly failed to appear despite multiple arrest warrants being issued against them (Archive)

The special court of Prevention of Money Laundering Act (PMLA), Chandigarh, has declared absconding officials of real estate firm Gupta Builders and Promoters (GBP) as proclaimed offenders.

“Intimation in this regard be sent to SHO concerned as well as DCP (HQ) for taking appropriate action against the proclaimed person in accordance with law,” read the order by court of Alka Malik, Additional District and Sessions Judge.

The company and its management are accused of duping investors of more than Rs 1,000 crore across the Tricity and several other cities in India before fleeing abroad around four years ago.

According to court records, the accused had repeatedly failed to appear despite multiple arrest warrants being issued against them. Given their continued absence, the court declared them proclaimed offenders.

The Enforcement Directorate (ED) has been investigating the matter under the PMLA and has already attached properties worth around Rs 148 crore belonging to the group and its directors. The seized assets include commercial projects at Zirakpur, residential properties, and agricultural land.

Those declared PO by the court include GBP group officials Satish Kumar, Pradeep Kumar, Raman Gupta, Vinod Gupta and Anupam Gupta.
Despite repeated summons, the accused never appeared before the court, leading to the issuance of non-bailable warrants. The GBP Group also faces numerous cases before the Consumer Commission, several complaints with the Chandigarh Police, and multiple cheque bounce cases — in which they too have failed to appear, prompting more warrants.

As per reports, the Real Estate Regulatory Authority (RERA) had also filed a complaint against GBP Group in the district court in November 2021 for failing to comply with its orders. When the accused failed to appear, the Chief Judicial Magistrate’s court declared them fugitives in October 2022. The accused are also on the run in a case filed by the Income Tax Department.

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