Hyderabad: The economic offence wing (EOW) arrested Chekka Venkata Subramanyam, director of Bhuvanteza Infra Projects Pvt Ltd, from his house in Nanakramguda for cheating 10 customers after taking money from them on the promise of giving them flats.
Police said he had signed agreements with 10 customers and executed sale deeds to sell flats in his project at Shamirpet by collecting a total of Rs 2.29 crore. He neither handed over the flats nor returned their money, A.V. Ranganath, joint commissioner, CCS, said.
It was found that the accused had cheated 400 others in the same project, Ranganath said.