Panjagutta police on Monday captured a land company’s administrator and overseeing executive for professedly hoodwinking more than 70 persons to the tune of Rs 1.73 crore.
In 2008, V Vasudeva Rao, 47, CMD of VVR Housing Pvt Ltd, Ameerpet, had begun a few land wanders in Kothur, Mahbubnagar, and sold plots to more than 70 individuals from Hyderabad for Rs 1.73 crore, police said.
The enrollment was likewise done however, they couldn’t take it as the previous proprietors of the area, who are ranchers of close-by regions, began working the area as of late. “The ranchers who sold their territory to Rao began working as he didn’t pay them the guaranteed sum,” Panjagutta SI K Gurunath said.
In view of their grumblings, police enlisted a tricking body of evidence against Rao and took him into guardianship from Vijayawada.