Crime Hyderabad

Cyberabad police arrests Two men in SEEHWA land fraud

Cyberabad Seehwa Land Fraud

Hyderabad: The sleuths of Economic offences wing(EOW) of Cyberabad arrested two men in connection with the illegal mortgaging of an association land whom they were part off, on Friday.

The accused were identified as Gujjuri Ashok Rao and Uday Kumar Chava holding the positions of President and General Secretary respectively, for Software Engineers Employees Housing and Welfare Association (SEEHWA).

According to the police, a group of software employees formed a society Software Engineers Employees Housing & Welfare Association (SEEHWA) its registered office Club House, Indus Crest, Osman Nagar Village, Sangareddy District.

“SEEHWA members purchased a 6 acre land in 2007. Further they also purchased another 5 acres of land adjacent to it in which 240 apartments and 15 villas were constructed and handed over to members in 2016. Remaining about 345 members have remained their share in the 6 acres property. The society conducted an election in 2018 and ever since no elections and General Body Meeting has been further conducted,” said Cyberabad police in an official statement.

75 crores worth of property mortgaged for Rs 1.5 crores

Last month when one of the members took an Encumbrance Certificate(EC) of the land and it came to their notice that the acting Secretary Uday Kumar Chava and in Connivance, the acting President Gujjuri Ashok Rao have entered into a mortgage deed against the 3 acres property in 2019. As per their by-laws of society this step needed a General Body Meeting and that has not been conducted, hence this transaction should be called out as an illegal related party transaction using the SEEHWA office.

The rest of the members after coming to know that the property worth about 75 Crores rupees was mortgaged for a sum of only 1.5 Crore rupees. The members approached the police and requested them to take legal action.

As the accused persons being in their capacity of President and Secretary to the SEEWHA executed Mortgage deed in their favour and cheated the rest of other members to the society, EOW of Cyberebar arrested them for cheating and Criminal breach of trust. Subsequently teh accused were sent to judicial custody.