Sangareddy open plots fraud: Sandstone Infra's management arrested
Hyderabad: The top management of Sandstone Infra Private Limited was arrested in the case of allegedly cheating people under the guise of high returns to investments for “open plots” in the Sangareddy district.
The police in a press release on Tuesday, April 16, said that a complaint was received from seven individuals stating that Sandstone Infra India Pvt.
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Hyderabad among fastest-growing cities in India: Knight Frank reportThe police further said that in the course of an investigation, they came to know that there were more than 25 victims from whom the accused took the deposits, but neither completed the projects nor returned their amounts.
“The accused persons, Malikireddy Chandra Sekhara Reddy and Yeruva Srilaxmi were arrested and sent to judicial remand on Tuesday, April 16,” the police informed.
The case was filed under sections 406 (criminal breach of trust), 420 r/w 120-B (criminal conspiracy) IPC and section 5 of the TSPDFE Act.
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