Land agent ends life over mounting dues

Subbaraju owed Rs.25 lakh to those whom he sold land worth Rs.3 crore by creating forged documents

September 03, 2013 12:13 am | Updated June 02, 2016 08:45 am IST - HYDERABAD:

A 50-year-old real estate agent, who was released on bail after being arrested on charges of impersonation, committed suicide by consuming poison at his house at Indiranagar in Dundigal on Sunday night. S. Subbaraju was apparently unable to pay the Rs.25 lakh in dues pertaining to a land deal.

Police said Subbaraju had created forged documents and sold more than an acre of land at Bachupally, worth over Rs.3 crore. After they had paid a sum of Rs.80 lakh, the buyers realised that Subbaraju had cheated them and lodged a police complaint. After verifying facts, police nabbed Subbaraju and recovered Rs.55 lakh from him. He was remanded to judicial custody. After coming out on bail a few days ago, the buyers approached him, mounting pressure on him to pay the remainder. Unable to bear the increasing pressure, Subbaraju ended his life by consuming poison at his house last night, Dundigal Inspector V. Bhaskar said. Police booked a case and handed over the body to relatives after an autopsy.

Tension at OU Colony

Meanwhile, tension prevailed at Osmania University Colony in Shaikpet under Golconda police station limits on Monday morning following a dispute over ownership of a plot. Police said one Nagi Reddy rented out 180 square yards plot to a businessman to run tiffin centre but today morning another person Qaleel came to the site and claimed that he was actual owner of the land and tried to demolish the tiffin centre.

An argument took place between them over the issue. Based on Reddy’s complaint, the police registered a case against Qaleel and further investigations are on.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.