Aparna Yadav's hubby accuses ex-associate of Rs 4cr extortion
Aparna Yadav
, has accused his former business partner of extorting over Rs 4 crore and threatening to ruin his reputation.
An FIR has been filed at Gautampalli police station against three persons for alleged financial fraud, breach of trust, blackmail, and criminal intimidation on late Sunday.
Yadav alleged that his former business partner had befriended him around 2011-12. Over the years, he pressured Yadav to partner in a real estate venture under the pretext of acquiring land near Shaheed Path.
Yadav agreed to form Monal Infratech Pvt Ltd on May 25, 2015.
While Yadav invested capital and acted as the company's promoter, the associate was made a director and given charge of operational responsibilities, including land acquisition and sales.
Yadav said his associate misused his position with the intent to exploit his social connections. Instead of fulfilling his duties, the partner sidelined the company's business and siphoned off the investment for personal gain.
The business partner began borrowing money from Yadav, citing fabricated family emergencies and financial crises. Trusting him, Yadav provided financial aid, expecting repayment. However, no money was returned.
Yadav said that his health began deteriorating during Covid-19. Between 2020 and 2022, he suffered prolonged illness, compounded by successive deaths of his mother (Sep 2022), father (Oct 2022), and maternal uncle (Nov 2022). During this period, the partner allegedly intensified the financial exploitation and manipulated him emotionally to extract more funds. When Yadav recovered and confronted his business associate, he threatened him with legal consequences.
According to the FIR, the busniess partner sent intimidating emails and WhatsApp messages to Yadav. Yadav also alleged that his business associate's two family members are complicit in the conspiracy.
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