Cyberabad police nab gang involved in Rs 8 crore land scam

The Cyberabad police on Friday busted a gang involved in the illegal sale of land by forging documents. The economic offences wing of the Cyberabad police arrested five persons.

By Newsmeter Network  Published on  18 Jun 2021 12:21 PM GMT
Cyberabad police nab gang involved in Rs 8 crore land scam

Hyderabad: The Cyberabad police on Friday busted a gang involved in the illegal sale of land by forging documents. The economic offences wing of the Cyberabad police arrested five persons.

The gang fraudulently sold land belonging to farmers by forging documents without their knowledge. They forged their signatures and prepared fabricated sale deed documents.

The arrested persons have been identified as Pidugu Adinarayana Murthy (51), a real estate businessman, Thavva Venkata Murali Krishna (43), Pippala Yadaiah (45), Kumbarti Ramu (40), Vaddi Ashok (33). The police seized from them 51 Pattedar passbooks containing photos, names, and details; 16 empty Pattedar passbooks; 91 documents; nine revenue rubber stamps of various mandals; five Arogya Sree health cards; and other documents.

According to the police, the main accused, Adinarayana Murthy, was previously involved in two cases and was facing trial. Further, they found that he had floated several companies in Hyderabad, including RAN Estates Pvt. Ltd, ANR Avenues & Turnkey Projects Pvt. Ltd, Sri Sai Adarsh Enterprises, and Sri Ramya Real Estates & Developers.

A Rs. 8 crore scam

On 20 March, the police had received a complaint from a real estate businessman who had become acquainted with Adinarayana Murthy and his associates. Murthy said he would sell lands situated at Golluru village under Maheshwaram Mandal in Ranga Reddy district and promised that he would also register the lands in his name. Further, they showed the complainant the land documents and Pattedar passbooks.

After discussions, they agreed to sell the lands for Rs. 1.40 crore per acre and the total came up to Rs. 56 crore for 40 acres. The complainant paid an advance of Rs. 8.50 crore to Jaya Dhasaradhi Projects LLP. The two parties signed an MOU on 7 June 2019. After paying the advance, the complainant waited for the sale deed to be executed and registered in his favour.

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