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PVR Malls Owner Arrested For Cheating DLF

DLF alleges that Gupta deliberately cheated it to the tune of Rs. 280 crore.
Hyderabad | 23rd June 2012
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The city Crime Station police, on Saturday, arrested Gowri Shankar Gupta, who duped the Hyderabad Metropolitan Development Authority by invoking the name of realtor major DLF.

Gupta, owner of PVR Malls, has been absconding ever since DLF lodged a complaint with the detective department of the Central Crime Station. DLF alleged that Gupta had deliberately cheated DLF to the tune of Rs. 280 crore by inducing DLF to invest in some of the real estate development projects taken up by the GSG Group of Companies.

Earlier, the police issued a look-out notice for Gupta, as the Nampally court refused to grant him anticipatory bail. (INN)
filed in:  Hyderabad Crime, DLF, Hyderabad Real Estate
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