Former Keesara sub-registrar held in ₹4.1 crore fraud
HYDERABAD: Champapet sub-registrar Mohammad Yousuf-ur-Rahman, who allegedly facilitated illegal property registrations on a large scale, was arrested by Keesara police on Wednesday in connection with a ₹4.11 crore fraud.
Police said Yousuf-ur-Rahman had colluded with a gang that obtained bank loans by showing non-existent properties as genuine. The irregularities came to light during an investigation into fraud committed when he was working as Keesara sub-registrar.
Malkajgiri DCP Ch Sridhar, along with Keesara inspector Arkapally Anjaneyulu and Jawaharnagar ACP S Chakrapani, disclosed details of the case at the DCP’s office in Secunderabad on Wednesday.
Gang created fake documents for non-existent properties
Hyderabad-based realtor Vallabhaneni Srinivasa Rao, Venu Gopal, Srisailam, Dinesh and Bharat of Bowenpally, Burra Mahesh Yadav of Boduppal and others allegedly formed a gang to make easy money.
The gang planned to obtain a bank loan in the name of Mahesh. Police said Mahesh did not own any property. However, they created fake documents showing three properties in survey numbers 400 and 401 at Nagaram in the names of Mahesh, his wife and another person.
The gang approached Yousuf-ur-Rahman, who was then Keesara sub-registrar. Police said he registered the properties even though they did not physically exist.
The accused allegedly showed 11 non-existent properties on paper and obtained loans totalling ₹4.11 crore from various banks. They paid the loan instalments for a few months before defaulting.
Bank officials who detected that the loans had been obtained using fake documents lodged a complaint with Keesara police, following which a case was registered.
Police identify 29 people in investigation
During the investigation, police identified the involvement of 29 people, including Vallabhaneni Srinivasa Rao, bank employees and staff of the Keesara registration office.
Police arrested eight people, including Srinivasa Rao, on July 24. While investigating how non-existent properties had been registered, police found the alleged involvement of Yousuf-ur-Rahman, who is currently posted as Champapet sub-registrar and had earlier worked at Keesara.
Police said Yousuf-ur-Rahman worked as Keesara sub-registrar from 2015 to 2023 and had allegedly registered hundreds of illegal properties.
He has so far been named as an accused in seven cases. Police produced him before a court and sent him to judicial remand on Wednesday.
