Fifty-four victims are involved in an alleged ₹4.50 crore property fraud case in Darab Jung Colony, Madannapet, Hyderabad, The420.in reported. The case involves allegations that the same property was sold and mortgaged to multiple individuals.
The prime accused in the case, Rashad-Ul-Khair and Mumtaz Begum, are currently absconding, The420.in stated. Special teams are working to trace them.
Hyderabad police have formed special teams to investigate this alleged property fraud, The420.in mentioned. These teams are examining brokers, documents, and financial transactions.
The property in question comprises a ground floor, two upper floors, and a penthouse, The420.in reported. Different portions of this property were allegedly sold or mortgaged to multiple people through separate agreements.
Special teams are tracing the two absconding accused and examining brokers, documents, and financial transactions, The420.in added.
Residents of Andhra Pradesh and Telangana engaging in property transactions should be vigilant against such frauds. Thoroughly examining property documents and seeking legal advice can help prevent similar losses.