Two from Mumbai held for cheating former MP Subbarami Reddy's wife Indira
The Hindu
The accused persons were arrested from their residences in Mumbai on November 4 and later brought to Hyderabad on transit warrant.
Directors of Champion Finsec Limited (CFL) were arrested by the Hyderabad Central Crime Station police for cheating former Rajya Sabha member and film producer Dr.T. Subbarami Reddy’s wife T. Indira Reddy by selling her pledged shares (32,50,000) in the open market without her knowledge.
The accused persons, Chetan Balubai Patel (48) and Harshawardhan Avinash Pradhan (40) were arrested from their residences in Mumbai on November 4 at 11.45 a.m. and produced before a local court in Mumbai. They were later brought to Hyderabad on transit warrant and produced before XII ACMM court, Nampally, and remanded to judicial custody, Joint Commissioner of Police (Detective Department) Avinash Mohanty.
Further, the officer said that on July 20, they received a complaint from Ms. Reddy, the promoter and chairperson of Gayatri Projects Limited (GPL), Hyderabad, stating that the accused persons approached their firm involved in infrastructure and highway development, and informed to arrange a loan with a charge of one per cent commission.
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