Hyderabad Police Bust Property Fraud Ring: 3 Arrested for Deceptive Loan Schemes
Hyderabad City Police have apprehended three individuals involved in a property fraud scheme. The accused tricked victims into transferring ownership of their properties through fraudulent sale deeds, leading to significant financial losses and legal complications.
Property FraudReal EstateBank LoansHyderabad PoliceFinancial ConsultantsReal EstateMay 21, 2025
The Special Zonal Crime Team (SZCT) of the Central Crime Station (CCS), Detective Department, Hyderabad, conducted the operation and apprehended the accused on May 19.
Details of Accused
Jabbar Khan Munshi Khan (36): Real estate broker and mastermind behind the fraud; resident of Begumpet, Hyderabad; native of Nanded District, Maharashtra.
Khureshi Javed Habibsab (49): Associate, chicken shop owner; also residing in Begumpet.
Saddam Habibsab Kureshi (34): Another associate engaged in the chicken business; native of Nanded District.
Accused Made Victims Sign Properties in Their Names
According to police, Jabbar Khan ran a consultancy named JK Enterprises (JK Financial Solutions) in Somajiguda. He, along with his associates, approached people seeking bank loans against their properties. After inspecting their property documents, Jabbar falsely claimed that the applicants had poor CIBIL scores, rendering them ineligible for loans.
He then convinced victims to register their properties in the names of his associates—presented as a workaround to secure the loan. Using the KYC details of these associates, Jabbar arranged loans by mortgaging the victims’ properties. Although the sanctioned loan amounts were deposited into the victims’ accounts, Jabbar had already collected advance cheques, allowing him to withdraw the entire amount soon after.
Over time, his associates defaulted on the loan repayments, resulting in banks initiating auction proceedings on the properties, leaving victims helpless.
Public Advisory
The Hyderabad Police have urged citizens not to approach unauthorised individuals or agencies for property loans. Citizens are advised to verify the credentials of financial consultants and to only engage with recognised banks and licensed institutions when dealing with property-related transactions.
Frequently Asked Questions
What is the main charge against the arrested individuals?
The main charge against the arrested individuals is cheating unsuspecting citizens by tricking them into transferring ownership of their properties through fraudulent sale deeds.
Who is Jabbar Khan Munshi Khan and what was his role in the fraud?
Jabbar Khan Munshi Khan is a real estate broker and the mastermind behind the fraud. He ran a consultancy named JK Enterprises in Somajiguda and orchestrated the scheme to defraud victims.
How did the accused convince victims to transfer their properties?
The accused convinced victims to transfer their properties by falsely claiming that the victims had poor CIBIL scores and were ineligible for loans. They presented the transfer of property to their associates as a workaround to secure the loan.
What should citizens do to avoid falling victim to such schemes?
Citizens should not approach unauthorised individuals or agencies for property loans. They should verify the credentials of financial consultants and only engage with recognised banks and licensed institutions for property-related transactions.
What actions did the Hyderabad Police take to address this issue?
The Hyderabad Police conducted a significant crackdown and arrested the three individuals involved in the fraud. They also issued a public advisory to raise awareness and prevent similar incidents.
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