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Bengaluru realtor arrested for selling fake sites to housing forum members

The accused collected a sum of Rs 23 crore for 396 sites from more than 350 members of an employee forum without having any land in his custody in 2011, 2012 and 2013.

By: Express News Service | Bengaluru |
November 23, 2015 9:16:08 pm

A 54-year-old realtor has been arrested by the Bengaluru police for cheating more than 350 people to the tune of Rs 23 crore by selling other people’s housing sites with the help of forged documents.

The arrested man is K V Venkatesh, the owner of Venkateshwara Estate and Builders and resident of Sahakaranagar in North-East Bengaluru. The deputy commissioner of police (North-East division) Vikas Kumar Vikash said that around 116 warrants were pending against Venkatesh for cases ranging from cheating to bounced cheques.

Venkatesh collected a sum of Rs 23 crore for 396 sites from more than 350 members of an employee forum without having any land in his custody in 2011, 2012 and 2013.

“There may be many more people who have been cheated by him and they may also approach police shortly for justice,” DCP Vikas Kumar said. A criminal case has been registered against Venkatesh based on a complaint lodged by a victim, Riyaz Ahmad,” the police said.

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According to the complaint Venkatesh and his associates took crores of money by promising the sites in an upcoming layout near the Kempegowda International Airport in Bengaluru. Employees from the Karnataka legislative secretariat who formed a forum in June 2005 to avail housing sites are among those cheated by the realtor. The alleged conman used to initially show members of the Karnataka Legislative Council Secretariat Employees Welfare Forum a piece of land near Huvinayakanhalli near Bagalur in east Bengaluru but the land was identified by the Karnataka Industrial Area Development Board for acquisition for an industrial area. He later started showing another parcel of land near the international airport to members of the forum.

“There was no land in the name of Venkatesh or his firm but he registered 396 sites with fake documents. He used to show land already registered by other people as available land to his clients,” the police said.

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First published on: 23-11-2015 at 09:16:08 pm

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