Hyderabad Couple Arrested for Rs 22.5 Lakh Real Estate Scam
The Bowenpally police in Hyderabad have arrested a couple from Narsingi for their involvement in a real estate scam that defrauded two women of Rs 22.5 lakh. The suspects, Parashuramulu and his wife Madhavi, floated a fake real estate venture named Skanda Sri Infra Developers.
According to the police, the couple created forged documents and collected Rs 22.5 lakh from the two victims, Ramya and Veena, on the pretext of selling property. When the victims demanded the registration of the plots, the couple allegedly threatened them.
Following a complaint from the victims, the Bowenpally police booked a case and conducted an investigation. The couple was subsequently arrested and taken into custody. The police also recovered the forged documents and other incriminating evidence.
Real estate scams are not uncommon in the bustling city of Hyderabad, where the demand for property is high. Such scams often involve the creation of fake companies, forged documents, and threats to victims to prevent them from seeking legal action. The arrest of Parashuramulu and Madhavi serves as a warning to other potential fraudsters and a reminder to the public to be vigilant when engaging in real estate transactions.
The Bowenpally police have urged anyone with information about similar scams to come forward and report the incidents. The victims in this case are receiving support from local authorities to recover their losses.
Real estate transactions require careful verification and due diligence. Potential buyers should always verify the legitimacy of the seller and the documents provided. Consulting with a legal expert or a trusted real estate agent can also help prevent falling victim to such scams.
The police have also emphasized the importance of reporting such incidents to the authorities immediately. Quick action can help prevent the fraudsters from targeting more victims and can aid in the recovery of lost funds.
In this particular case, the swift action by the Bowenpally police has brought the culprits to justice, providing a sense of relief to the victims and a strong message to the community that such fraudulent activities will not be tolerated.
