Absconding fraudster who made fake real estate deals arrested in Hyderabad

Syed along with Pediripati Shekar Goud had prepared a fake agreement of sale for an open plot of 1,500 square yards of a private company at Moosapet village.

By Newsmeter Network  Published on  5 Dec 2021 8:13 AM GMT
Absconding fraudster who made fake real estate deals arrested in Hyderabad

Hyderabad: The central crime station police on Saturday arrested a 37-year-old man who had cheated many people with fake real estate deals.

The accused has been identified as Syed Shahid, a resident of Aghapura in Hyderabad.

Syed along with Pediripati Shekar Goud had prepared a fake agreement of sale for an open plot of 1,500 square yards of a private company at Moosapet village. They approached a businessman from Banjara Hills and offered the plot for Rs. 11.25 crore. The man bought the plot and paid Rs. 1.10 crore as advance.

On the complaint of the businessman, a case was registered at CCS. Goud was arrested on 8 November but Shahid was absconding. He was arrested on 4 December by a team of police officers of the detective department of CCS. He was produced before the court for judicial remand.

Syed had earlier cheated a person to the tune of Rs. 11.50 lakhs and had also assaulted another person, the police said.

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