Cyberabad EOW police arrest two for illegally mortgaging SEEHWA land in Sangareddy district

Hyderabad: The Economic Offences Wing (EOW) Police of Cyberabad arrested two persons, who are involved in a cheating and criminal breach of trust in a capacity of being acting president and general secretary to Software Engineers Employees Housing & Welfare Association (SEEHWA) in Sangareddy district.

The two accused were identified as Gujjuri Ashok Rao, a resident of Jubilee Hills and Chava Uday Kumar, resident of Gachibowli. The duo mortgaged the SEEHWA land worth about Rs 75 crore for a sum of only Rs 1.5 crore illegally without consent of other members in the society and thereby cheated them.

Modus Operandi

EOW, Cyberabad Deputy Commissioner of Police (DCP) K Prasad said that a group of software employees formed a society SEEHWA with its registered office Club House, Indus Crest, Osman Nagar Village, Ramachandrapuram Mandal, Sangareddy District. The members after formation of SEEHWA purchased six acres of land on January 19, 2007 to an extent of three acres, and another sale deed on February 15, 2007 to an extent of three acres, he said.

Elaborating further, the DCP said that the SEEHWA members also purchased another five acres of land adjacent to it in which 240 apartments and 15 villas were constructed and handed over to members in 2016. Remaining about 345 members have remained their share in the six acres property. The society conducted an election in 2018 and ever since no elections and a general body meeting has been further conducted. On April 16, one of the members took an Encumbrance Certificate (EC) of the land and it came to their notice that the acting secretary Uday Kumar Chava and in Connivance, the acting president Gujjuri Ashok Rao entered into a mortgage deed against the three acres property on August 21, 2019.

As per their by-laws of society this step needed a general body meeting and that has not been conducted, hence this transaction should be called out as an illegal related party transaction using the SEEHWA office. Thus, the accused persons, being in their capacity of acting president and secretary to the SEEWHA executed mortgage deeds in their favour and cheated the rest of other members of the society, he said.

Further investigation is being conducted by EOW, Cyberabad inspector J Venkateshwarlu.