New case filed against Sahiti Infra and its owner for alleged fraud

Lina PortmanMay 25, 2024

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HYDERABAD: Another complaint was filed against Sahiti Infra and its owner B. Laxmi Narayana following a complaint filed by a victim for non-payment with the city's Central Crime Station (CS) police on Friday. Sahiti Infra's marketing director Sandu Purna Chandra Rao, Laxmi Narayana's wife Varada Baby Swati and her father Varada Rama Rao have also been listed as accused.

Mr. Rakesh and his father, Mr. Bala Narasimhulu, said in the complaint that they had booked a villa in the Alpine Vistas project by paying 10 lakhs to Purna Chandra Rao in September 2018. When they applied for the sale agreement , Purna Chandra Rao informed them to invest in Sahiti Swada project in Nanakramguda. The victims bought a 2,000 m² plot of land. ft property for `1.5 crore.

After making the payment in 2021, they again requested a sales agreement, but Laxmi Narayana continued to postpone it.

Rakesh later said they came to know that Purna Chandra Rao had diverted the money for his use. They found that Laxmi Narayana had acquired funds in the same manner from hundreds of people and used the money to purchase properties in the name of his wife Varada Baby Swathi and father-in-law Varada Rama Rao.
Sahiti Infra has raked in over 1,100 crores and allegedly cheated over 1,000 victims, with several projects in Nanakramguda, Kompally, Gachibowli, Nizampet, Bachupally and Mokila.