Greater Noida: Police Arrest Venice Mall Owner Satyendra Kumar, Sent to Jail
Greater Noida police have arrested Satyendra Kumar, also known as Montu Bhasin, the owner of Grand Venice Mall, following a fraud case registered in 2015. He was presented in court and sent to 14 days of judicial custody.
Police in Greater Noida have arrested Satyendra Bhasin, the owner of Grand Venice Mall, in connection with a 2015 fraud case. The Supreme Court had previously ordered him to surrender, and he has now been sent to 14 days of judicial custody.
Greater Noida, Venice Mall, Satyendra Bhasin, Montu Bhasin, fraud, arrest, Supreme Court, judicial custody, Uttar Pradesh Police, investors
Manish Singh, Greater Noida: Police have tightened the noose around Satendra Bhasin, also known as Montu Bhasin, the owner of Grand Venice Mall in Greater Noida, Uttar Pradesh. Montu Bhasin was arrested by the Beta-2 police station on Friday.
He was presented in the CJM Court in Surajpur, Greater Noida, where the court ordered him to be sent to 14 days of judicial custody. The arrest stems from a fraud case registered in 2015. Police state that an investigation against the accused has been ongoing for a long time.
Despite the issuance of non-bailable warrants by the court, he repeatedly failed to appear. Therefore, police were searching for him.
Supreme Court Order
The prosecution informed the court that on April 2, 2026, the Supreme Court dismissed Bhasin’s bail petition and ordered him to surrender within one week. The Supreme Court also clearly stated that if he did not surrender within the stipulated time, the Uttar Pradesh Police could arrest him. Even after this, the accused neither surrendered nor complied with the court’s instructions after an application to extend the time was dismissed on April 8.
According to the prosecution, the accused attempted to delay the case through various legal maneuvers and concealed information about several FIRs filed against him from the court. Following this, strict action was taken against him.
Fraud Allegations from Investors
Investors associated with the Grand Venice project have accused him of fraud, misuse of funds, and irregularities in allocations. On the other hand, defense counsel Amit Chauhan opposed the police remand. He stated that the case is approximately 10 years old and the investigation has already been completed. He said that the main chargesheet was filed in 2019, and supplementary chargesheets were filed in 2022 and 2025. Therefore, all the evidence is with the court.
The defense argued that when there is no further recovery to be made, the demand for police remand is futile and legally incorrect. The defense also mentioned the interim protection granted by the Supreme Court in 2019 and the deposit of approximately ₹50 crore.
After hearing arguments from both sides, the court decided to send the accused to 14 days of judicial custody.
