EOW Books SSLS Real Estate for Cheating Investors of ₹19 Crore
HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated legal proceedings against the promoters of SSLS Real Estate & Constructions for allegedly embezzling approximately ₹19.4 crore from local investors. A complaint filed by Miyapur businessman Badari Nadh Gelli states that the scheme began in July 2023 when a mutual acquaintance, Mohan Muralidhar, organized a meeting at Lodha Meridian, Kukatpally. During this meeting, K. Upendra and his father, Atchuta Rao, purportedly presented themselves as reputable developers with extensive projects in Telangana and Andhra Pradesh, soliciting investments for a rapidly expanding property portfolio. Enticed by their promises of quick repayment…