Hyderabad: Realtor arrested on charges of cheating, forgery

K. Satish Chandra Gupta was arrested for allegedly being involved in forgery, cheating, and conspiracy, having collected Rs. 1.45 crore under the guise of selling plots in a fabricated and unauthorized layout.

Hyderabad: A realtor who allegedly was involved in forgery, cheating and conspiracy and collected Rs.1.45 crore in the guise of selling plots in a fabricated and unauthorized layout was arrested by the Economic Offences Wing of the Cyberabad police.

The police said K.Satish Chandra Gupta, a native of Nellore in neighbouring Andhra Pradesh and proprietor of Sai Surya Developers, along with another suspect, Narendra Surana of Bhagyanagar Properties, created fabricated and unauthorized layout in the name of Sai Tulasi Enclave – IV and Shanmukha Nivas on the same land at Vattinagulpally.

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They allegedly made an agreement of sale for a plot for Rs.3.25 crore and collected Rs.1.45 crore as an advance in the month of February 2023 from the complainant, a resident of Nacharam. However, according to the EOW officials, the suspects escaped without registering the said plot and cheated the complainant.

Previously, Sathish Chandra Gupta was involved in 11 cases with same modus operandi, the police said. The case is being investigated by J. Venkateswarlu, Economic Offences Wing PS, Cyberabad under the supervision of K. Prasad, Deputy Commissioner of Police, EOW, Cyberabad.

K.Prasad in an advisory urged the citizens to be aware of unauthorised layouts and not become victim to fraudsters, cheaters.