Hyderabad: The Cyberabad Police on Thursday booked three directors of a Hyderabad-based construction firm for allegedly defrauding investors of Rs 4.52 crore by promising returns of 24 percent.
According to the Economic Offences Wing of the Cyberabad Police, the directors of Rohit Infra – Mohan Reddy, Rohit Reddy and another associate – promoted a project titled Botanical Eco-Living Spaces at Munipally and Polkampally villages in Sangareddy district and collected investments from 11 people.
The case was registered based on a complaint filed by Cheruku Venkatesham, a resident of Saroornagar, who invested Rs 43 lakh in the project in 2023 after being assured attractive returns and a buyback arrangement.
In his complaint, Venkatesham stated that he invested the amount between June 27 and July 3, 2023. As part of the transaction, the company executed a sale deed in his name for 25 guntas of land.
The firm also issued two cheques worth Rs 65.62 lakh under a buyback agreement, valid until November 3, 2024. However, when Venkatesham later approached the company seeking repayment, the directors allegedly began avoiding him and failed to honor the commitment.
Police have registered a case and launched an investigation into the alleged fraud.
Botanical Eco-Living Spaces
Botanical Eco-Living Spaces are modern sustainable habitats that integrate dense plant life, renewable energy systems, and natural building materials to create self-sufficient, eco-friendly homes. These spaces draw inspiration from ancient practices like green roofs and permaculture, while incorporating cutting-edge technology for water recycling and solar power. They represent a growing global movement to harmonize urban living with nature, reducing environmental impact while enhancing residents’ well-being.
Botanical Eco-Living Spaces
Botanical Eco-Living Spaces are innovative residential or community areas designed to integrate lush, native vegetation with sustainable living practices. These spaces often draw inspiration from historical concepts like hanging gardens, medieval monastery gardens, or early 20th-century garden city movements, aiming to reduce environmental impact while enhancing biodiversity. By blending modern green architecture with traditional ecological knowledge, they create self-sustaining habitats that promote harmony between humans and nature.
Sangareddy district
Sangareddy district, located in the Indian state of Telangana, was formed in 2016 during the state’s administrative reorganization. Its headquarters, the town of Sangareddy, was historically part of the princely state of Hyderabad and served as a key administrative center under the Nizams. Today, the district is known for its rapid urbanization, proximity to Hyderabad, and significant industrial and pharmaceutical development.
Saroornagar
Saroornagar is a neighborhood located in the Hyderabad district of Telangana, India. Historically, it was part of the princely state of Hyderabad and has evolved from a rural area into a densely populated residential and commercial hub. The area is named after the Saroornagar Lake, a man-made reservoir built during the rule of the Nizams, which remains a notable landmark.
Hyderabad
Hyderabad is a major city in southern India, known for its rich history as the capital of the Nizams, who ruled a princely state under British suzerainty. Founded in 1591 by Muhammad Quli Qutb Shah, the city blends historic landmarks like the Charminar and Golconda Fort with modern technology hubs. Today, it is a vibrant cultural and economic center, often called “Cyberabad” for its booming IT industry.
Sangareddy district
Sangareddy district is located in the Indian state of Telangana, with its headquarters in the town of Sangareddy. The district was formed in 2016 during the reorganization of Telangana’s districts, carved out from parts of the former Medak district. It is known for its historical significance, including the nearby Medak Cathedral, and has developed into an important administrative and industrial area.
Botanical Eco-Living Spaces
