3 executives of Hyderabad real estate firm arrested

Hubli, June 23 (UNI) A police team has arrested three executives of a real estate company from Hyderabad for allegedly duping over 320 people of Rs 67 lakh, promising developed sites through their branch at Hubli.

Addressing a press conference here today, Commissioner of Police Narayan Nadamani said all the three would be produced before court tomorrow.

Kiran Krishna Real Estate and Construction Pvt Ltd, Vizag, Managing Director V Krishnaprasad, Hubli branch manager Sureshkumar and Hospet and Hubli branch Divisional Manager Vanshidhar alias Venbkinemi were arrested by the team that visited Hyderabad.

The trio claimed that they did not intend to dupe people and the problem arose due to the mistakes of the local branch staff, Mr Nadamani said, adding that they were ready to refund the money collected from the people as per the court directions.

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