Woman, associate arrested for ₹2.11-crore housing lease fraud
The Chennai Central Crime Branch has arrested two individuals for operating a fraudulent property management company that cheated 34 victims out of ₹2.11 crore. The suspects rented properties under a fake entity and illegally leased them to third parties before absconding.
Why it matters
This case highlights the risks associated with unregulated online property rental platforms and the importance of due diligence in real estate transactions.
The Central Crime Branch(CCB) has arrested two persons, including a woman, who allegedly ran a fictitious company and cheated 34 house owners and tenants of around ₹2.11 crore by renting houses in the name of their company and subsequently leasing them out to customers online.
According to the police, Fathima Beevi came across an advertisement on OLX in 2023 stating that Helenrose and Premkumar, proprietors of Imayam Homes Property Management, were offering houses on rent and lease in Chennai and its suburbs. She contacted the company and was asked to visit its office on Sridevi Garden Main Road, Valasaravakkam.
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