The police today issued a Look Out Notice (LON) against absconding developer G Srinivas who duped the public to the tune of Rs 9 crores after making agreements with clients.
After registering a cheating case on Sri Sai Developers Proprietor on July 26 this year, the Musheerabad police issued LON on the 36-year-old Srinivas residing at Gandhinagar under Musheerabad Police Limits in the city.
The accused floated a firm and completed several ventures, according to police release. After gaining confidence of the public, he collected Rs 9 crores from different persons by executing multiple sale agreements relating to real estate and cheated the public before absconding, the release said. There was information that he was likely to stay at Siddipet (Medak District), Nalgonda, Warangal or Bheemavaram of East Godawari District and requested the public to intimate the police station if anyone fond him, the release added. UNI