Cyberabad Police Nab AV Infra CMD for Rs 8 Crore Real Estate Fraud

Hyderabad: The Cyberabad Economic Offences Wing (EOW) has made a significant arrest in the case of a Rs 8 crore real estate fraud. Gogula Lakshmi Vijaya Kumar, Chairman and Managing Director of M/s AV Infracon Pvt Ltd and M/s AV Organo Farms Pvt Ltd, was apprehended in Ongole, Andhra Pradesh, following a complaint lodged by a Hyderabad resident.

The accused is alleged to have run a series of fraudulent investment schemes, promising high returns and legal ownership of real estate. These schemes included investment plans, land buy-back offers, and pre-launch housing deals. The victims, lured by the promises of lucrative returns, ended up losing their investments.

False promises, real losses

According to the police, Vijaya Kumar lured investors with schemes that assured a 50 percent return on deposits after one year. For instance, an investment of Rs 10 lakh was promised to return Rs 15 lakh. The buy-back scheme offered to register plots and repurchase them after one year with a 50 percent bonus. Additionally, the pre-launch scheme offered 2BHK flats at low prices, with delivery in two years.

To gain the trust of investors, the accused executed Agreements of Sale, MoUs, and even Sale Deeds. However, the plots were never registered, and the money was never returned.

Scam traced to 2021

The fraudulent operations began in 2021 when the accused and his associates posed as legitimate real estate developers. The funds collected from depositors were 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. Victims of similar schemes are encouraged to contact the Economic Offences Wing, Cyberabad, for further assistance.