Vidhana Soudha Staff Looted of Rs.23 Crore by Realtor

Vidhana Soudha Staff Looted of Rs.23 Crore by Realtor

Submitted by Newseditor on Mon, 2015-11-23 20:24 Bengaluru: A 54- year old realtor has been arrested by the Bengaluru police for allegedly cheating more than 350 persons to a tune of Rs.23 crore by promising them sites and selling them forged land documents. KV Venkatesh, owner of Venkateshwara Estate and Builders and resident of Sahakaranagara in North-East Bengaluru is the accused.Vikas Kumar Vikas, deputy commissioner of police (North-East division) said that around 116 warrants were pending against Venkatesh since a year and most of them pertaining to cheques bounce cases. Vikas added that Venkatesh had collected a sum of rupees 23 crores for 396 sites from more than 350 members, most of them having false sale deed registered but without the presence of any physical land during 2011, 2012 and 2013. The remaining members have gone either for cases in Consumer Forum or filed cheque bounce cases. “There are many more people cheated by him and they may approach police shortly for justice,” DCP Vikas said. He added that a criminal case has been registered against Venkatesh based on a complaint lodged by a victim, Riyaz Ahmed of Pillanna Garden on Thursday in Bagalur police station. He has alleged that Venkatesh and his associates, took crores of money from the complainant and his friends promising sites in upcoming layout near Marenahalli road near Kempegowda International Airport, Bengaluru.  The employees from Karnataka Legislative secretariat formed a forum in June 20, 2005, called “Karnataka Legislative Council Secretariat Employees Welfare Forum” under which a plan was chalked out to distribute the sites for the Vidhana Soudha employees and also for the public. It entered into an understanding with Venkatesh for developing lands for sites. Venkatesh initially used to show a piece of land near Huvinayakanhalli near Bagalur to the members of the forum and used to promise a layout in that place. The layout was named Vayuja Council Garden. After the initial Pooja ceremony conducted for the opening of work in layout on December 16, 2006, KIADB announced the acquisition of this land for the upcoming industrial area. Hence, Venkatesh then put forth the idea of shifting of the layout plan to Marenahalli Road.  The members started demanding the distribution of sites when the project got delayed and Venkatesh started the registration of sites for all those members, who paid the full amount, but based on false documents. “There was no land in the name of Venkatesh or his firm. But, he got done registrations for 396 sites with 350 persons based on fake documents. He used to show land belonging to anybody to the interested parties when they demanded to see the sites and cheated them,” police said. Investigations are on to find out the rest of the accused.