Hyderabad: Based on the complaint lodged by Tollywood actor Akkineni Nagarjuna’s sister Susheela, a cheating case was registered by Punjagutta police against her Real Estate business partner for allegedly diverting the business money into his own account without her knowledge.
Punjagutta police said that Susheela said that several years ago, by selling her personal properties in AP, she started a realty business with Ch Srinivas Rao. They started a company in the name of SR Properties and have been buying and selling land.
Accused Srinivas Rao allegedly opened another bank account in the name of SR Promoters to divert money.
He was charged under sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code (IPC).