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Huge fraud in Kukatpally SRO Trinity Infra directors, Sub-Registrar held
The Cyberabad police on Sunday arrested the Sub-Registrar of Kukatpally and two directors of real estate firm on charges of fraudulent registration of 693 acres of government land causing a revenue loss of over Rs 587 crore to the state exchequer.
Hyderabad: The Cyberabad police on Sunday arrested the Sub-Registrar of Kukatpally and two directors of real estate firm on charges of fraudulent registration of 693 acres of government land causing a revenue loss of over Rs 587 crore to the state exchequer.
The arrested include Kukatpally Sub-Registrar Rachakonda Srinivasa Rao, directors of Trinity Infra Ventures Limited P S Parthasarathy and PVS Varma. Police carried out searches at the residences and offices of the accused persons and recovered incriminating documents.
According to the police, Parthasarathy, in his capacity as the director of Trinity Infra Ventures Limited, had executed four sale deeds in favour of the Suvishal Power Gen Limited, represented by its director PVS Sharma on January 21, 2016 selling 693 acres of government land in survey numbers 20, 28, 100 and 101 of Miyapur village in Serilingampally Mandal.
A week before executing the four documents, a fake document was prepared showing that one Ameerunnisa Begum and seven others had given GPA to Parthasarathy and others over the 693 acres of land. Seven days later, Parthasarathy registered the land in the name of Suvishal Power Gen Limited, police said.
Interestingly, Sharma, who is the director of Suvishal Power Gen Limited is also one of the directors in Trinity Infra Ventures Limited in which Parthasarathy is one of the directors. What more! The Sub-Registrar Srinivasa Rao knew about the fraudulent deal since he was one of the conspirators, police said.
Further, Srinivasa Rao, being the Sub-Registrar of Kukatpally, was aware of the fact that the 693 acres of land was government land and there have been repeated instructions from the higher ups of the revenue department issued in 2007 and 2011 to that effect and the lands should not be registered. The details were mentioned in the prohibitory register, a record containing all those lands which should not be registered at any cost, the police said.
Despite this, Srinivasa Rao colluded with the directors of Trinity Infra and helped them execute sale deeds in violation of the provisions of the Registration Act and the Indian Penal Code causing a revenue loss of over Rs 587 crore, police said.
However, the fraud was detected by the higher ups of the stamps and registration department and a complaint was lodged with the police. Based on the complaint, police registered a case and arrested the accused after investigation. Further investigations were underway to ascertain the role of others in the huge fraud, police said.
