Businessman alleges ₹17.1 crore property fraud; CCS Hyderabad books case
Hyderabad police have registered a fraud case against a private infrastructure company and three bank officials regarding a property transaction worth ₹17.1 crore. The complainant alleges that the property was mortgaged for a loan without the seller receiving payment.
The Central Crime Station (CCS) of the Hyderabad police has registered a case against the managing director of a private infrastructure company and three Punjab National Bank (PNB) officials following a complaint alleging that a commercial property worth ₹17.1 crore was mortgaged to secure a ₹25 crore loan without the seller receiving the agreed sale amount.
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