Latest news with #HyderabadCentralCrimeStation
Time of India
24-05-2025
- Business
- Time of India
Case against bizman for duping investor of Rs58 lakh
Hyderabad: Banjara Hills police registered a criminal case against a local businessman, on Friday, for allegedly duping an investor of Rs 58 lakh in the name of a food business enterprise. According to the complaint filed by Kamuni Akshay Nag of Khairatabad, the accused, Kanthi Dutt Thonangi, convinced Nag to purchase a 10% stake in Winners Eleven Foods between Jan and March 2024. Akshay further stated that one of the company's outlets in Banjara Hills was facing closure due to financial difficulties. He alleged that Dutt had planned to shut down the Banjara Hills branch in Dec 2023, yet continued to accept investments. "Dutt provided fabricated bills and accounts when questioned about the business operations," Akshay alleged. Following the complaint, the Banjara Hills police registered a case against Dutt under sections 318(4) (cheating and dishonestly inducing delivery of property), 336(3) (forgery for cheating) and 316(2) (criminal breach of trust) of the BNS. Prior to this, Dutt was charged with cheating by the Hyderabad Central Crime Station (CCS) police in Feb 2025. Before that, he was arrested by the Jubilee Hills police in a similar case last year for allegedly defrauding investors. "We are in the process of collecting evidence," said Banjara Hills Sub-Inspector K Ramesh.
Hans India
15-05-2025
- Business
- Hans India
Phone-tapping accused Shravan Rao arrested in Rs 6.58 cr fraud
Hyderabad: The Hyderabad Central Crime Station (CCS) arrested A Shravan Kumar Rao, the prime accused in the phone-tapping case. He faces charges in relation to a serious financial fraud as his group cheated the company of more than Rs 6.58 crore. He was arrested following a complaint filed by Akarsh Krishna, director, Akhand Infratech India Private Ltd, who alleged that Shravan and his group cheated the company. The complaint stated that from November 2022 to December 2023, Akhand Infratech remitted money to the bank account of Acore Industries based on a proposed iron ore trading agreement. Yet the transactions failed to take correspondence supposedly went through Shravan's office with no direct Acore Industries' invoices. The CCS filed a case on April 25 under sections 316(5), 318(4) and 3(5) of the Bharatiya Nyaya Sanhita. The CCS police, who questioned Shravan arrested and sent him to remand. Shravan's wife A Swathy Rao, business partner KB Vedamurthy and director of Acore Industries, Uma Maheshwar Reddy, have been cited as accused in the case.
