nani
Hyderabad: In a dramatic turn of events, the Managing Director of Sandhya Convention, Sridhar Rao, was arrested by the Delhi Police at Rajiv Gandhi International Airport (RGIA) on February 21. The arrest occurred just before he was set to board a flight, following a well-coordinated operation between Delhi Police and the Cyberabad Police. Rao is accused of duping a Delhi-based businessman, reportedly related to a Bollywood celebrity, of crores of rupees. The businessman had filed a formal complaint in Delhi, prompting the investigation and subsequent action. Authorities say the accused allegedly lured high-profile individuals under the pretext of investment opportunities and business deals, only to cheat them.
Sources reveal that Sridhar Rao has a history of legal troubles. Apart from the current allegations, multiple FIRs have been registered against him under the Cyberabad Police Commissionerate for offenses including land encroachment, cheating, criminal intimidation, and assault. His business activities, particularly those related to real estate and hospitality, have come under the scanner after several complaints from investors and partners. Investigators believe Rao was part of a larger network that systematically targeted wealthy individuals across the country by posing as a trustworthy entrepreneur and exploiting their confidence through high-profile conventions and business proposals.
Following his detention, Rao was produced before a local court in Rajendranagar, where Delhi Police sought and obtained a transit remand. He was subsequently flown to Delhi for further interrogation and legal proceedings. Police sources mention that they are expanding the investigation to identify other individuals potentially involved in the network. Authorities also confirmed that the assets and financial transactions related to Sandhya Convention are now under scrutiny. The arrest has sent shockwaves through business and political circles in Hyderabad, where Rao was considered an influential figure. The case is currently under detailed investigation, and further developments are awaited as Delhi Police dig deeper into the alleged multi-crore fraud.
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