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Infra firm owner booked for cheating

Hyderabad: The owner of a prominent construction firm was booked on Thursday after another construction firm accused the firm’s owner, with whom there was a business agreement over construction of villas, of cheating him of Rs 75 crore.

The accused was called to the Banjara Hills police station on Thursday for questioning.

The firm’s owner was served a notice to reappear before the police and later let off.

A few months ago, the companies had entered into an agreement over construction of villas on 16 acres of land in Narsingi and to share the profits, however, the complainant alleged that the accused had breached the trust. “The complainant claimed that he incurred a loss of Rs 75 crore. We are investigating the case,” said Banjara Hills inspector Kalinga Rao.

Meanwhile, a few days ago, the accused had filed a case against one of his relatives, stating that his relative had taken away several of his land documents worth crores from his office besides a weapon, following which a case was registered against the relative.

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