Realty boss accused of Rs 2.5 crore fraud: AV Infracon chief lured investors with promises of high returns; victims' statements recorded by EOW

HYDERABAD: Cyberabad's Economic Offences Wing (EOW) recorded statements of victims of AV Infracon Pvt Ltd which allegedly duped investors. The case was initially registered by Madhapur police in November, 2024. It was recently transferred to EOW. Company owner, G Vijay, was accused of luring victims by promising them high returns.

"We were contacted by agents employed by Vijay who took investments. Later, Vijay went missing," the victims said. Cyberabad police said they got complaints of a loss of 2.50 crore. Police said the accused would be arrested soon.