Hyderabad: TDP leader’s son held in cheating case

HYDERABAD: TDP leader V Anand Prasad’s son has been arrested in a cheating case. Prasad had unsuccessfully contested from Serilingampally constituency during 2018 assembly polls.
According to RC Puram inspector P Jagadeeshwar, a cheating case was registered against Prasad and five others, including his son, Aditya, their business partner, Shiva Kumar, and two of their family members based on a plaint lodged by Kukatpally corporator J Satyanarayana Rao.
In 2017, Satyanarayana Rao invested Rs 2 crore in Prasad’s company on promising 4% annual returns. “As the accused failed to fulfill the promise of providing good returns, Satyanarayana asked for his money. However, as the accused failed to fulfill any of their promises, Satyanarayana again insisted for the money and they threatened him,” the inspector said. “We have arrested two accused so far. Rest are absconding,” he said. When contacted, the TDP leaders were unavailable for comment and several calls to them went unanswered.