Cyberabad EOW arrests AV Infra CMD Vijay Gogula for cheating investors of Rs 8 Cr

Hyderabad: The Cyberabad Economic Offences Wing (EOW) has arrested Gogula Lakshmi Vijaya Kumar, Chairman and Managing Director of M/s AV Infracon Pvt Ltd and M/s AV Organo Farms Pvt Ltd, for allegedly cheating investors to the tune of Rs 8 crore through fraudulent real estate investment schemes.

The arrest was made in Ongole, Andhra Pradesh, following a complaint lodged by a Hyderabad resident.

The accused is said to have launched multiple deceptive schemes, including investment plans, land buy-back offers, and pre-launch housing deals by falsely promising high returns and legal ownership of real estate.

False promises, real losses

According to the police, Vijaya Kumar lured investors by offering schemes that promised lucrative returns on deposits. These included:

Investment Scheme: Assured a 50 percent return on deposits after one year (e.g., Rs 10 lakh would return Rs 15 lakh).

Buy-back Scheme: Promised to register plots and repurchase them after one year with a 50 percent bonus.

Pre-launch Scheme: Offered 2BHK flats at low prices in semi-gated or high-rise projects with delivery in two years.

To gain investors’ trust, the accused executed Agreements of Sale, MoUs, and even Sale Deeds—but never registered the plots or returned the money.

Scam traced to 2021

The fraudulent operations began in 2021, when the accused and his associates posed as legitimate real estate developers. The money collected from depositors was allegedly diverted to other personal and undisclosed investments.

The case is registered under Crime No. 27/2025, under Sections 316(2) and 318(4) of the Bharatiya Nyay Sanhita (BNS) 2023, and Section 5 of the Telangana Protection of Depositors of Financial Establishments Act, 1999.

Investigation ongoing

The probe, led by ACP M. Hussaini Naidu, is currently focused on identifying additional suspects, tracing diverted funds, and recovering money from the fraudulent company accounts. The investigation is being conducted under the supervision of DCP K. Prasad, EOW, Cyberabad.

Public Advisory

Cyberabad Police have urged citizens to exercise extreme caution while investing in real estate or pre-launch schemes. They advised verifying companies through regulatory authorities such as GHMC, HMDA, DTCP, and RERA before investing.

For further assistance, victims of similar schemes are encouraged to contact the Economic Offences Wing, Cyberabad, the officials said.