new delhi, Dec. 29 -- With the arrest of five people, the Delhi Police claimed to have busted a luxury property fraud racket that has duped investors of around Rs.200 crore by selling them non-existent or fictitious bank-auctioned properties in Delhi-National Capital Region (NCR). One such non-existent property was in Gurugram's DLF Camellias. The arrested members, including mastermind Mohit Gogia, 38, laundered the proceeds through multiple bank accounts. Meanwhile the crime branch is looking for more suspects, most notable Ram Singh alias Babaji, believed to be the main handler of the money-laundering network. Police said the syndicate was wanted in at least 14 cheating cases in Delhi, Punjab, Madhya Pradesh, Goa, among others. Two cars procured from the cheated money have been seized. Bank accounts of the accused have also been frozen, DCP (crime) Aditya Gautam said. The high-value property fraud came to light after a woman approached the crime branch in June this year, alleging she had been duped of Rs.12.04 crore by Gogia and his associates in the name of selling a luxury flat at DLF Camellias. The woman said she had transferred the money between August and October. The bank later confirmed that all documents shown to the woman by the fraudsters, including sale certificates, covering letters and auction receipts, were forged. "We registered a case of cheating, forgery and criminal conspiracy at the crime branch police station. Investigations revealed that the cheated amount was credited to the suspect's proprietorship firm's bank account. The money was systematically layered through multiple bank accounts to conceal its trail," Gautam said. The other arrested people are Vishal Malhotra, a property dealer; Sachin Gulati, Abhinav Pathak, a medicine distributor; and Bharat Chhabra....