NRI conned of 3.6 crore in Hyderabad real estate scam involving Tollywood celebrity, ET RealEstate

October 3, 2024
2 mins read
NRI conned of 3.6 crore in Hyderabad real estate scam involving Tollywood celebrity, ET RealEstate


<p>Representative image </p>
Representative image

HYDERABAD: A Non-Resident Indian (NRI) from Nigeria lost 3.6 crore after falling prey to promises by a real estate firm of providing him land in Kondapur. A popular Tollywood hero was the brand ambassador of this firm. The accused, after collecting the money, promised to get the property registered and then conned the businessman by making him wait at the sub-registrar’s office and failing to turn up.

The victim approached Cyberabad police and lodged a criminal case against the proprietor of the real estate company. The complainant, when he was in India in 2021, was in search of a piece of land with potential for appreciation. After seeing social media advertisements in which the hero was used for promotion, the complainant got in touch with company representatives who showed different ventures in Ranga Reddy district and its surrounding areas.

He decided to buy 2,100 sq yards in Kokapet and paid 3.6 crore. It was agreed that the registration could be done within a year. Later, the complainant came to know that the plots which were sold to him were registered in some other customers’ names.

When the complainant questioned the proprietor, the latter assured him that he would convince the two customers to cancel their sale deeds and pave the way for registering the promised plot to the complainant. He also assured that registration would be done at the sub-registrar office after clearing the arrears.

The victim cleared the pending money and he was shown the sale deeds to be registered in his name. “He was asked to come to the SRO’s office to complete the remaining formalities. As agreed, he went to the SRO hoping that registration would be done but the proprietor did not turn up,” Cyberabad police said. When the victim made numerous attempts to reach the accused, the accused evaded meeting him. Police registered a criminal case on the charge of conspiracy, cheating, and breach of trust.

Hyderabad: A Non-Resident Indian (NRI) from Nigeria lost 3.6 crore after falling prey to promises by a real estate firm of providing him land in Kondapur. A popular Tollywood hero was the brand ambassador of this firm. The accused, after collecting the money, promised to get the property registered and then conned the businessman by making him wait at the sub-registrar’s office and failing to turn up.

The victim approached Cyberabad police and lodged a criminal case against the proprietor of the real estate company. The complainant, when he was in India in 2021, was in search of a piece of land with potential for appreciation. After seeing social media advertisements in which the hero was used for promotion, the complainant got in touch with company representatives who showed different ventures in Ranga Reddy district and its surrounding areas.

He decided to buy 2,100 sq yards in Kokapet and paid 3.6 crore. It was agreed that the registration could be done within a year. Later, the complainant came to know that the plots which were sold to him were registered in some other customers’ names.

When the complainant questioned the proprietor, the latter assured him that he would convince the two customers to cancel their sale deeds and pave the way for registering the promised plot to the complainant. He also assured that registration would be done at the sub-registrar office after clearing the arrears.

The victim cleared the pending money and he was shown the sale deeds to be registered in his name. “He was asked to come to the SRO’s office to complete the remaining formalities.

As agreed, he went to the SRO hoping that registration would be done but the proprietor did not turn up,” Cyberabad police said. When the victim made numerous attempts to reach the accused, the accused evaded meeting him. Police registered a criminal case on the charge of conspiracy, cheating, and breach of trust.

  • Published On Oct 3, 2024 at 12:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App
realty barcode



Source link

curationteam

Curation Team will curate content from different sources and present for you. We will not edit any content. Source link is provided for the source from where its received .

Leave a Reply

Your email address will not be published.

PMRDA Pushes for Urgent Micro Plan to Ensure Timely Completion of Metro Line 3, ET RealEstate
Previous Story

PMRDA Pushes for Urgent Micro Plan to Ensure Timely Completion of Metro Line 3, ET RealEstate

Housing sales rise 5% to 87,108 units across eight cities in Q2 FY25: Report, ET RealEstate
Next Story

Housing sales rise 5% to 87,108 units across eight cities in Q2 FY25: Report, ET RealEstate

Latest from Blog