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Five arrested for property fraud, cheating firm

Published Thursday, June 4, 2026 · Updated June 5

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Media Analysis

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The Central Crime Branch of the Greater Chennai Police has arrested five individuals in connection with an alleged property fraud. The fraud involved the fraudulent transfer of a mortgaged property in T. Nagar using forged documents, resulting in a loss of ₹35.5 crore to Phoenix ARC Pvt. Ltd.

What We Know — Key Points

  • The Central Crime Branch (CCB) of the Greater Chennai Police (GCP) arrested five persons in connection with an alleged property fraud.
  • The fraud involved fraudulently transferring a mortgaged property in T. Nagar using forged documents.
  • The alleged fraud resulted in a loss of ₹35.5 crore to Phoenix ARC Pvt. Ltd., an asset reconstruction company.

What Is Claimed — Perspectives

  • The HinduCenter-Left

    The Central Crime Branch of the Greater Chennai Police has arrested five individuals for allegedly fraudulently transferring a mortgaged property in T. Nagar using forged documents. This action resulted in a loss of ₹35.5 crore to Phoenix ARC Pvt. Ltd., an asset reconstruction company.

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