Woman Arrested in Lucknow for Multi-Crore Real Estate Scam
Lucknow: The UP Special Task Force (STF) and Lalitpur police have apprehended Priyanka Singh, a key suspect in a multi-crore real estate scam. The operation, which led to her arrest, has been praised for its efficiency and the significant step it represents in the ongoing investigation.
According to additional SP, STF, Satyasen Yadav, Priyanka, who had been on the run since 2019, was apprehended from Sahara State, Jankipuram in Lucknow. She was carrying a ₹50,000 reward for her arrest. During interrogation, Priyanka revealed that in 2011, she, along with her husband Rajesh Kumar Singh and associates Deepak Shukla, Ashish Srivastava, Durgesh Jaiswal, and Vikrant Tripathi, established JKB Land and Developers Infrastructure Limited. The company's registered office was in Hazratganj, with a branch in Lalitpur.
The group allegedly duped investors of crores of rupees by recruiting agents, signing fake investment contracts, and opening fixed deposits (FDs) and accounts in investors' names, added Yadav. After collecting large sums, the entire staff disappeared overnight with all the documents. Following complaints from duped investors, a case was registered at Kotwali Lalitpur police station.
One of the company directors, Ashish Srivastava, was earlier arrested from Indore (Madhya Pradesh) on June 29, 2025, while Priyanka remained on the run. Jhansi police announced a ₹50,000 reward for her arrest. STF officials said that the interrogation of the accused is underway and raids are being conducted to nab her remaining associates.
This arrest is a significant breakthrough in the investigation, providing a glimmer of hope to the investors who were duped. The STF and Lalitpur police are working tirelessly to ensure that justice is served and to recover the funds lost by the victims. The public is advised to remain vigilant and report any suspicious real estate activities to the nearest police station.
The real estate sector in India has seen a rise in fraudulent activities, and this case serves as a stark reminder of the importance of due diligence and caution when making investments. Investors are encouraged to verify the credentials of the developers and the legitimacy of the projects before committing their hard-earned money.
The STF and Lalitpur police have expressed their commitment to bringing all the perpetrators to justice and ensuring that such scams are prevented in the future. The investigation is ongoing, and further updates will be provided as more information becomes available.
