Telangana High Court on Monday, December 30, asked the state’s top police authorities for their position on a petition accusing them of connivance and complacency in investigating a fraud allegedly committed by Verma Realtors.
Justice B Vijaysen Reddy granted the authorities time till Jan 20 to submit clear affidavits outlining the status of their investigation into the criminal case filed by 83-year-old Habib Alladin, a resident of Road No. 12, Banjara Hills.
Alladin approached the High Court, claiming that his Rs 400 crore property in Sanathnagar was fraudulently used to secure a Rs 90 crore loan from Exim Bank for Sujana Universal Industries Ltd.