EOW Police Busted A Case Of Cheating In Name Of Pre-Launch Offer
Hyderabad, July 18 (Maxim News): The Economic Offence Wing (EOW) Police of Cyberabad Commissionerate have busted a case of cheating in the name Pre-Launch offer scam committed by the Managing Director Guntupalli Srinivasa Rao of M/s GSR Infra Group Pvt. Ltd. and registered a case under Crime No. 19/2024 U/s 420, 406, 409 IPC of EOW PS.
Click Here To Join Us On WhatsApp
The accused Guntupalli Srinivasa Rao is the Managing Director of M/s GSR Infra Group Pvt Ltd. The accused Srinivas Rao along with his associates Chadalawada Srinivasa Rao and Vemavarapu Sathya Shilpa collected huge amounts from innocent people in the guise of pre-launch offers of residential villas and flats by claiming that were proposed to be constructed at Kollur village by their company.
As per their plan, they released colorful brochures and made advertisements in the media and attracted huge prospective customers by showing that they were going to construct Villas at Kollur village and offered to sell some of the Villas in pre-launch offers at low prices.
Click Here To Join Us On WhatsApp
Thus, believing this the complainant and 31 others have deposited approximately 60 crores into the accused company bank accounts and through cash. After taking some initial amount the accused executed some Unregistered sale agreements to the victims/customers by promising that they would complete the project and hand over the Villas within three years, otherwise, they would return the entire money with 24% interest.
Click Here To Join Us On WhatsApp
But they failed to fulfill their promise, even though they did not start construction work in Kollur village, and dragged the matter by saying that the proposed land is under legal complication.
The case is being investigated by B. Narahari, Inspector of Police, Economic Offences Wing PS, Cyberabad, under the supervision of K. Prasad, Dy. Commissioner of Police, EOW, Cyberabad. (Maxim News)
Next Story:
-
Telangana Achieves Rare National Record In Paddy Production
![Telangana Achieves Rare National Record In Paddy Production]()
Telangana has achieved a rare national milestone in paddy production during the Kharif season, recording an exceptional yield of 153 lakh metric tonnes across 66.77 lakh acres. This production level is unparalleled, both in the history of undivided Andhra Pradesh and in the post-formation years of Telangana.
-
Hyderabad Task Force Arrested Eight People Selling Adulterated Ginger Garlic Paste
![Hyderabad Task Force Arrested Eight People Selling Adulterated Ginger Garlic Paste]()
The Hyderabad Commissioner’s Task Force (North) team caught eight persons who were allegedly preparing adulterated ginger garlic paste and selling it in the market. The sleuths seized huge quantities of garlic, ginger, boxes, garlic ginger paste and other articles from them.
-
Bahubali Main Gate At Telangana Secretariat Removed
![Bahubali Main Gate At Telangana Secretariat Removed]()
The Bahubali main gate (main entrance) at the Secretariat has been removed, leaving many people surprised. The main entrance passage at the Secretariat was blocked with blue tin sheets on Sunday.
-
Onion Prices Surge To Rs. 80 Per Kg In Hyderabad
![Onion Prices Surge To Rs. 80 Per Kg In Hyderabad]()
Onions are back to bring tears to the eyes of consumers with their prices. The prices of onion have again hit the roof, with a kilogram of the edible bulb sold at Rs. 80 in retail markets across the city. The prices which until a week ago hovered between Rs. 30 and Rs. 40 a…
-
Mid Manair Project Oustees To Get 4,696 Houses Under Indiramma Housing Scheme
![Mid Manair Project Oustees To Get 4,696 Houses Under Indiramma Housing Scheme]()
The Telangana government has allotted 4,696 houses to the Project Displaced Families (PDF) under the Mid Manair Reservoir with Rs. 5 lakh under the Indiramma Indlu scheme.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
