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The Hindu
The Hindu
National
The Hindu Bureau

Three held for conning over 350 investors of ₹60 cr. in real estate fraud

 

The Cyber Economic Offences Wing (EOW) arrested three men involved in a cheating case under the guise of pre-launch offer of a residential apartment at Kompally, on Friday. 

Senior officials of Bharati Builders, including chairman Dupati Nagaraju, managing director Mulpury Shivarama Krishna, and chief executive officer Thoddakula Narsimha Rao alias Ponnari were arrested for conning about 350 investors to the tune of ₹50-60 crore after false promise of constructing residential apartments, Bharathi Lake View, in Kompally. 

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