Hyderabad Property Fraud Busted: Bandlaguda Police Arrest Accused in Fake Mortgage Scam
Hyderabad property fraud busted by Bandlaguda Police. Accused arrested for fake mortgage scam cheating victims by posing as property owners.
In a major breakthrough, the Hyderabad Bandlaguda Police busted a property fraud case involving fake ownership claims and fraudulent mortgage agreements. One accused has been arrested, while several others are still absconding.
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The case highlights a serious property scam in Hyderabad, where innocent people were cheated by real estate brokers.
Victim Cheated of ₹3 Lakh in Fake Mortgage Deal
The case came to light after a complaint was filed by a Bandlaguda resident who:
- Took a house on mortgage
- Paid ₹3,00,000 to the accused
- Was misled by individuals posing as fake property owners
Later, it was discovered that the accused had no ownership rights over the property.
Modus Operandi of the Property Fraud Gang
Police investigation revealed a well-planned fraud:
- Accused were working as real estate brokers
- They would rent houses and pretend to be owners
- Then they would mortgage the same properties to victims
- Collected large sums of money through fraudulent agreements
This Hyderabad property fraud scam targeted multiple victims.
Accused Arrested, Others on the Run
Bandlaguda Police arrested the main accused:
- Shaik Omer Amoodi (24), real estate broker
Other accused involved in the scam are currently absconding, and efforts are underway to trace and arrest them.
Police Action and Ongoing Investigation
- The accused was arrested on March 25, 2026
- He confessed involvement along with other accused
- Police are working to identify more victims
- Investigation is ongoing to trace money trail and other links
The operation was carried out under the supervision of senior police officials of Rajendra Nagar Zone.
Public Advisory: Verify Property Before Payment
Police have issued an important warning to citizens:
- Always verify property ownership documents
- Avoid making payments without proper checks
- Be cautious while dealing with unknown brokers
Hyderabad Property Fraud Case Raises Alert
The Hyderabad property fraud busted by Bandlaguda Police serves as a strong warning for property buyers. With one accused arrested and others still absconding, authorities have urged the public to stay alert and avoid falling victim to such scams.
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