Archive · 5 Jun 2025
NRI Couple Allegedly Defrauded of Rs 10 Crore in Real Estate Scam
Imagine a couple from another country who wanted to buy a fancy villa.
They were told about a special forest villa project and decided to invest a lot of money, believing in the project.
They paid a large sum in different ways but when they went to see the land, nothing was built.
When they asked for their money back, they were threatened.
Now, the police are investigating the case of fraud, because the people in charge of the project allegedly took the couple's money but didn't do what they promised.
The police are collecting evidence and looking into what happened.
An NRI couple was allegedly defrauded of Rs 10 crore by two real estate firms.
The couple invested in a 'Forest Villa Project' in Rangareddy district.
They were promised a 20% stake and paid Rs 4.47 crore via cheques and RTGS, and Rs 5.53 crore in cash.
Upon visiting the property, the couple found no significant development.
The accused allegedly threatened the couple when they sought their money back.
- Who
- Anil Kumar Gullapally and Tatineni Akhila (victims), Sharat Nallamothu and others (accused)
- What
- An NRI couple was allegedly defrauded of Rs 10 crore in a real estate scam.
- When
- Dec 2023 (investment), April 2024 (property visit)
- Where
- Bhairkhanpalle village, Rangareddy district, India
- Why
- The accused allegedly lured the couple to invest and then failed to deliver on promises and threatened the couple.
- Victims
- Anil Kumar Gullapally and Tatineni Akhila
- Accused
- Sharat Nallamothu and others
- Amount Defrauded
- Rs 10 crore
- Project
- Forest Villa Project
- Location
- Bhairkhanpalle village, Rangareddy district
- Payment Methods
- Cheques, RTGS, and cash