Mumbai: In a shocking incident, an employee of a private company allegedly forged documents and sold Rs 300-cr Hyderabad palace to a Kashmir-based hospitality firm.
The accused, who is identified as 64-year-old Sundaram Kolrukudro, has now been arrested by Economic Offences Wing of the Mumbai police following a complaint by a local firm. Ravindran is a resident of Hyderabad.
According to a report, a Mumbai based construction firm Niharika Infrastructure claimed that it had purchased the century-old heritage property three years ago. But when the company's officials went to Hyderabad in connection with the property, they were shocked to know that the property was transferred to in the name of Kashmir-based Iris Hospitality.
As the company made inquiries into the land deal, the company officials came to know that two of its former employees made a sale deed and sold the palace to Iris Hospitality in January this year.
It is said that Ravindran and another ex-employee Suresh Kumar had signed the sale deed on behalf of Niharika Infrastructure, even as they were not authorised to do so.
According to police, their investigation found that the two accused discussed the Hyderabad palace in their e-mail exchanges.
Police say some other people are also involved in the scam. The police have identified other accused as Mohammad Usman, P Suresh Kumar and Mukesh Gupta.
The Economic Offences Wing (EOW) of the Mumbai police has booked the accused for forgery, criminal conspiracy, cheating, breach of trust and other relevant sections of the Indian Penal Code (IPC). The police say they have issued lookout notices as it suspect the accused may flee the country.
The immigration department in Hyderabad informed police that Ravindran tried to board a flight to Singapore on October 10, but he was barred after a lookout notice against him.
Police also say they are also probing the role of Iris Hospility owners-Amit Amla and Arjun Amla-in connection with the land deal. The construction firm, Niharika Infrastructure, said it had bought the 28,106 square plot in Hyderabad from Nazri Bagh Palace Trust.
King Kothi Palace or Nazri Bagh Palace is a heritage property. It was the last residence of the last Nizam of Hyderabad Mir Osman Ali Khan. The last Nizam died of illness in 1967.