HYDERABAD: The Economic Offences Wing (EOW) of the Cyberabad police has initiated a cheating case against White Waters Constructions and its directors. A woman has accused the company of defrauding her and numerous other flat buyers by collecting around ₹270 crore without delivering the promised projects. This complaint was lodged with the police on January 30 by Bhogadi Sujatha, a resident of Power Nagar Colony in Moosapet.
According to her complaint, Sujatha became aware of White Waters@Y project near Kukatpally Y-Junction in 2018, and reserved a flat by paying ₹11 lakh. Over the next four years, she transferred ₹68.94 lakh from three different bank accounts, totaling ₹79.94 lakh against an agreed price of ₹92.1 lakh.
Sujatha reported that the directors—Ajay Salike, Tanay Salike, and Vijaya Lakshmi Salike—increased her flat’s size from 1,650 square feet to 1,945 square feet, raising the price, while construction lagged considerably. She discovered that her flat was mortgaged to a bank for ₹1.27 crore, taken out by an alleged imposter, Kumar Sudhir Sheonandan Paswan. “When I confronted them, the directors admitted to securing the loan but consistently failed to pay it off,” she mentioned.
‘Venture launched in 2018’
Delays extended beyond the promised delivery dates of December 2024 and December 2025, prompting buyers to form a customer association. They alleged that multiple flats had been sold to different customers. Sujatha provided details of 15 other customers who collectively paid ₹9.82 crore towards their flats. “It’s estimated that about 500 customers are involved, with total investments around ₹270 crore,” she claimed.
She also pointed out that since the project’s launch in 2018, only the structural work on towers A and B has been completed. “The basements for towers C and D are finished, while construction for towers E and F hasn’t even started. The Telangana RERA registration, which has already been extended twice, will expire in June,” Sujatha added.
Acting on her complaint, the Cyberabad EOW registered a case against Ajay Salike, Tanay Salike, Vijaya Lakshmi Salike, and the firm under various Sections of the Bharatiya Nyaya Sanhita (BNS) and Section 5 of the Telangana Protection of Depositors of Financial Establishments Act. “Over 100 flat buyers have approached us as their funds have been tied up for years while the project remains unfinished. The investigation is ongoing, but no arrests have been made yet,” an EOW official stated.
