Hyderabad: Bhuvanteza Infra Fraud
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Hyderabad: Bhuvanteza Infra Employees Arrested for Alleged Real Estate Fraud
Two employees of Bhuvanteza Infra Projects Pvt Ltd, J. P. Bhushanaa Rao and J. Raj Kumar, were arrested by the Central Crime Station police in Hyderabad for allegedly cheating around 300 customers.
The scam involved pre-launch offers for flats in a gated community at Shamirpet. The company collected substantial deposits from the customers totaling Rs 80 crore. However, they neither completed the project nor returned the money to the depositors.
