Hyderabad: The Bandlaguda police on Wednesday cracked a Bandlaguda cheating case and arrested a real estate broker for allegedly duping multiple victims through fake ownership claims and fraudulent mortgage agreements. The arrest followed a complaint from a local resident who lost ₹3 lakh in the scheme.
Police registered the case based on a complaint by Mohammed Nusrath Begum, a resident of Bandlaguda. She stated that she had taken a house on mortgage and paid ₹3,00,000 to the accused. However, the accused falsely claimed ownership of the property. The Bandlaguda cheating case then unfolded during the investigation.
Officials said the accused operated as part of a group of real estate brokers. They allegedly took houses on rent and posed as owners. Subsequently, they mortgaged these properties to unsuspecting victims and collected large sums of money.
Bandlaguda cheating case reveals organised fraud network
The arrested accused was identified as Shaik Omer Amoodi, aged about 24, a resident of Balapur in Ranga Reddy district. Police apprehended him on March 25 based on credible information. During interrogation, he confessed to involvement in the offence along with four others.
The absconding accused were identified as Mohammed Bin Osman Masqati, Mohammed Basith, Ali Jabri and Shakeer Hussain. Police said efforts were underway to trace and arrest them. The Bandlaguda cheating case indicated a coordinated operation targeting multiple victims.
Investigators said the accused followed a systematic modus operandi. They created false ownership claims and executed fraudulent mortgage agreements. As a result, several victims were cheated after making payments without verifying ownership documents.
Police said further investigation was in progress. They are working to identify additional victims, trace the money trail and determine the role of other associates linked to the Bandlaguda cheating case.
Officials also issued a public advisory. They urged citizens to exercise caution while entering property transactions. They advised thorough verification of ownership documents before making any payments.
The investigation was conducted under the supervision of Deputy Commissioner of Police S. Srinivas, IPS, Rajendra Nagar Zone, and Assistant Commissioner of Police A. Sudhakar. They commended Inspector R. Devender, Sub-Inspector S. Nagaraj Reddy and their team for swift action in the case.