The Cyberabad Economic Offences Wing has registered a case against the directors of Praneeth Concept Private Limited after around 55 homebuyers alleged they collected Rs 24.88 crore through a pre-launch apartment scheme and failed to deliver the promised flats
Consumer activists urged the Telangana government to curb rising real estate frauds, strengthen safeguards, and ensure compensation for buyers. They opposed reducing mandatory security deposits and demanded blacklisting of firms that failed to pay penalties imposed by TGRERA
Cyberabad Economic Offences Wing officials booked a cheating case against four persons and a real estate firm for allegedly duping buyers of Rs 9.66 crore by selling prohibited land in Khanamet. Police are investigating the money trail and the scale of the fraud.
The Enforcement Directorate arrested Jayathri Infrastructures MD Kakarla Srinivas in a Hyderabad-linked money-laundering case involving Rs 60 crore allegedly collected from homebuyers through deceptive schemes. Investigators say funds were diverted via shell companies and bank accounts frozen
The Enforcement Directorate has arrested former Jaypee Infratech MD Manoj Gaur in connection with a Rs 14,599 crore money laundering case. The agency alleged that funds collected from thousands of home buyers were diverted to group trusts, leaving projects incomplete
Bowenpally police arrested a Narsingi couple for cheating two women of Rs 22.5 lakh in a real estate scam. They floated a fake venture, Skanda Sri Infra Developers, forged documents and threatened the victims when asked to register the plots
The arrested suspects were identified as Tammineedi Sri Venkata Ramana Prasad, MD, and Kosaraju Venkata Ratnam, Marketing Agent, in JJ Infra India Pvt. Ltd. Madhapur.
Hyderabad: The Rachakonda Cybercrime police on Saturday arrested a fraudster from Uttar Pradesh on charges of cheating people in the guise of selling lands at low rates. Officials said 15 cases were booked against him across the country since 2016, 12 cases of which were in Rachakonda alone. The suspect, S Nagaraju (38), a science […]
