TV actor Lakshmi Narasimha Reddy was arrested on Wednesday for cheating on a businesswoman to the tune of Rs 85 lakh here, police said.
He had taken Sindhura Reddy’s money to invest in real estate, but had failed to develop the property or return her money. Police also arrested a woman identified as Jayanti Goud who was also threatening the victim on behalf of Narasimha Reddy.
Narasimha Reddy, who is the husband of TV presenter Shyamala, had approached Sindhura Reddy and invited her to make the investment. He told her that he owned four acres of land worth Rs 100 crore in the Gandipet area of Hyderabad and that he planned to build a swimming pool, pub and play area there.
Sindhura Reddy, in her police complaint, said she paid Rs 85 lakh in cash and checks in 2017, but no construction was undertaken. When she asked for his money, he started threatening her.
The victim alleged that Jayanti Goud, who introduced herself as Narasimha Reddy’s sister, was also threatening her.
Sindhura Reddy filed a complaint with Raidurgam police station within Cyberabad police commissioner on April 19. The police registered a case of cheating and opened an investigation. They arrested the defendants on Wednesday.
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