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Rs 300 crore trick: Builder, child captured for bamboozling more than 220 Chennai homebuyers

February 2, 2016 | By

Police have captured the overseeing executive of RRB Housing Company Limited and his child, one of the chiefs of the firm, to cheat more than 220 individuals to the tune of Rs 300 crore by promising to manufacture them flats in Nungambakkam close Tiruvallur.

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Police said Padmanabhan, 50, and his child Tamizh, 27, had coasted a development organization in Ekkatuthangal and took money stores from individuals who were occupied with purchasing flats. At the point when a percentage of the financial specialists went to see the houses, which the team guaranteed to have finished, they were stunned to find that the area was infertile. Villagers in the region let them know that the area did not fit in with Padmanabhan or Tamizh.

The financial specialists met the administrator of police and held up a protestation with him.The case was alluded to the focal wrongdoing branch which captured the twosome and are examining.

Police said the financial specialists had taken individual and lodging advances to store the cash with the conmen. The complainants said they were under gigantic weight from the banks and budgetary establishments to give back the mo ney . They asserted that the father and child had deliberately duped them of their well deserved cash and asked the police to recuperate the sum which the pair owed to them.

Police are researching where the cash is put away and are vigilant for the team’s associates who were gathering to the misrepresentation and are associated to have a substantial part with the cash.

Veteran performer S Rajendran’s relatives had before held up a failing so as to grumble against the men for duping them to pay the cash settled upon to buy the land.The case is pending before the police.

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