Hyderabad CCS Takes Action Against Real Estate Firm in Major Fraud Case
In a significant development, the Central Crime Station (CCS) in Hyderabad has officially registered a cheating case against a prominent real estate company and its promoters. The case centers on allegations that the firm duped multiple home-buyers for a staggering sum exceeding Rs 5.6 crore in connection with a pre-launch real estate project located in Tellapur.
Victim's Detailed Complaint Reveals Systematic Deception
The complaint was filed by Vinod Sadak, a 47-year-old private employee residing in Kothapet. According to his detailed account, he paid the developer a substantial amount of Rs 77 lakh for a 2,200 square foot flat within the proposed gated community project. Despite this significant financial commitment, Vinod has neither received possession of the flat nor obtained a refund of his money.
Vinod explained that in November 2022, he became aware of the company's advertisement for a pre-launch residential high-rise gated community project named 'Tripura Nirvana' at Tellapur. The company, which has its registered office at Road Number 76 in Jubilee Hills, was represented by its founder and chairman, Pasupuleti Sudhakar, along with partner Pasupuleti Suguna, and associates Shiva Krishna and Pallavi Krishna.
Promises Made and Broken: A Timeline of Betrayal
"I personally visited their office and met with the director and partner," the victim told police investigators. "They advertised an ambitious project featuring over 1,000 flats in a high-rise development spread across 12 acres. The promotional materials promised a comprehensive 40,000 square foot clubhouse, swimming pool, supermarket, and various other premium amenities, with a completion timeline of just three years."
Trusting these representations, Vinod proceeded to sign a memorandum of understanding with the firm. Between December 29, 2022, and April 12, 2023, he transferred the entire consideration amount of Rs 77 lakh through a combination of cash payments and online transactions.
However, the reality proved starkly different from the promises. "The company has neither commenced any construction work nor secured the mandatory regulatory approvals required for such a project," the complainant alleged. "Furthermore, they are now attempting to transfer the project land to another entity and are making efforts to shift their offices, seemingly to evade accountability to the buyers."
Multiple Victims and Alleged Intimidation Tactics
Vinod's complaint extends beyond his personal loss. He has provided police with a list of nine other customers who collectively paid approximately Rs 4.9 crore for flats in the same project. The complaint further alleges that when these aggrieved buyers demanded either delivery of their promised flats or refunds of their investments, the accused resorted to threats and intimidation.
Legal Framework and Police Investigation Underway
Based on Vinod Sadak's formal complaint, the CCS police officially booked the case on February 27. The charges have been filed under Section 318(4) for cheating, read with Section 61(2) for criminal conspiracy of the Bharatiya Nyaya Sanhita. Additionally, Section 5 of the Telangana State Protection of Depositors in Financial Establishments Act has been invoked.
The named accused in the case include the real estate company itself, along with individuals Pasupuleti Sudhakar, Pasupuleti Suguna, Shiva Krishna, Pallavi Krishna, and others potentially involved. A senior CCS official provided an update on the investigation, stating, "Our team is currently in the process of meticulously verifying all documentary evidence and scrutinizing the relevant bank transaction records. Based on the findings of this preliminary probe, appropriate and decisive legal action will be initiated against all parties found responsible."
This case highlights the critical importance of due diligence for home-buyers, especially in pre-launch projects, and underscores the vigilance of Hyderabad's law enforcement in protecting citizens from financial fraud in the real estate sector.
