The Central Crime Station (CCS) detectives have filed a cheating case against a real estate firm and its promoters for allegedly defrauding numerous home-buyers of over Rs 5.6 crore in a pre-launch real estate initiative located in Tellapur. The complainant, Vinod Sadak, 47, a private sector employee from Kothapet, claimed that he paid the developer Rs 77 lakh for a 2,200 sq ft apartment in the proposed gated community but has neither received the apartment nor a refund.
Vinod stated that in November 2022, he learned that the company, which has its registered office at Road Number 76 in Jubilee Hills, was promoting a pre-launch residential high-rise gated community project named ‘Tripura Nirvana’ in Tellapur. The company was represented by its founder and chairman, Pasupuleti Sudhakar, partner Pasupuleti Suguna, along with Shiva Krishna and Pallavi Krishna. “I visited their office and met with the director and partner.
They advertised a high-rise with over 1,000 flats spread across 12 acres, featuring a 40,000 square feet clubhouse, swimming pool, supermarket, and other amenities, assuring completion within three years, the victim informed the police. Trusting the accused, Vinod transferred the full amount of Rs 77 lakh through cash and online transactions between December 29, 2022, and April 12, 2023, after signing a memorandum of understanding with the company.
The company has neither commenced construction nor obtained the necessary approvals. They are currently attempting to transfer the project land to another entity and are also trying to relocate their offices to evade buyers, the complainant asserted. He also identified nine other clients who collectively paid approximately Rs 4.9 crore for flats and claimed that the accused threatened them when they requested delivery or refunds.
In response to Vinod’s complaint, the CCS police have filed a case under Section 318(4) (cheating) in conjunction with Section 61(2) (criminal conspiracy) of the Bharatiya Nyaya Sanhita, as well as Section 5 of the Telangana State Protection of Depositors in Financial Establishments Act on February 27 against the company, Pasupuleti Sudhakar, Pasupuleti Suguna, Shiva Krishna, Pallavi Krishna, and others. “We are currently examining the documentary evidence and bank transactions. Following the initial investigation, suitable legal measures will be taken,” stated a CCS official.
