The arrested persons have been identified as Jarapu Srinivasa Rao (51), a resident of Vizag city and Vasamsetti Jayasurya (51), a native of Kakinada in East Godavari district. The third accused is B Ananda Raju, a native of the Nalgonda district and presently resides in USA.
Vizag city police chief Manish Kumar Sinha said that Tummala Krishna Chowdary owns a land of 12.26 acres of land under various survey numbers at Kommadi in Vizag city. Krishna Chowdary has been residing in Columbus of USA since 2012. He married to Laxmi Surya Prasanna in 2009 and she is now residing in East Godavari.
Jayasurya, a realtor had purchased some land from Krishna Chowdary in 2012 and he came to know that Chowdary owns 12.26 acres of land in Vizag city and he obtained certified copies of sale deeds of the land through mee-Seva.
Jayasurya hatched a plan to sell out the land belonged to Chowdary with forged documents, and he met Srinivasa Rao, who worked as Lecturer in a corporate college in the past, started a real-estate business. The duo created forged documents of the land such as GPS and Special Power as if executed by Chowdary.
The duo approached another realtor S Chandra Mouli to sell the land and they fixed the price for the land at Rs18.7 crore. Later, Chandra Mouli approached U Sukumara Varma, MD of Kasyap Developers for the sale of the land. The real-estate firm agreed to buy the land also asked the bank account of Chowdary to pay the advance of Rs99 lakh.
Jayasurya explained their conspiracy to B Ananda Raju, who resides in the USA and who had acquainted to him earlier and offered him to pay Rs one crore if Raju acts as Chowdary whenever required to speak with buyers over mobile phone and Raju also agreed the deal.
Since Chowdary didn’t have any bank accounts in India, Jayasurya managed to speak with Raju who posed as Chowdary with Chandra Mouli through the conference and made the belief that Chowdary was speaking from USA. Later, the real-estate firm paid Rs99 lakh as advance through cheques in the name of Chowdary.
Srinivas Rao and Jayasurya with the support of Raju opened a bank account in the name of Chowdary at ICICI Bank by submitting forged documents and they deposited the cheques and encashed them. Later, Srinivas Rao and Jayasurya demanded Rs2.5 crore from the real-estate firm citing some urgent need of Chowdary. The firm paid Rs2.5 crore through cheques. The duo also received Rs1.5 crore cash from the firm.
Later the duo created fake Special Power and GPA as if executed by Chowdary in favour of Srinivasa Rao. The duo also created the fake stamp of the USA notary and handed it over to Chandramouli.
Based on the Kasyap Developers given a paper publication through an advocate about the purchase of the land. Srinivasa Rao executed a sale deed to U Sukumar Varma at Sub-Registrar Office, Madhurawada in Vizag city and it was pending with registration.
On coming to know about the paper publication, Chowdary’s wife Laxmi Surya Prasanna approached the Sub-Registrar office citing that her husband didn’t execute any Special Power to anyone, and she also lodged a police complaint.
Based on the complaint, the PM Palem police investigated the case and nabbed two of the three-member gang.