Former MP and one of the richest businessmen in the country, T Subbarami Reddy, was reportedly cheated by two men from Mumbai in a matter of Rs 11 Crore. According to reports, TSR was cheated in relation to shares of a company valued at Rs 11 Crore.
An agreement reportedly took place between TSR’s wife Indira Subbarami Reddy and Mumbai’s firm Champion Pins Ltd over transfer of 1 percent of shares against loan. However, the company is said to have broken the agreement and allegedly cheated TSR’s family by selling its shares without the knowledge of Subbarami Reddy.
After a complaint from Subbarami Reddy, the Central Crime Station (CCS) police in Mumbai have arrested two men Chetan Patel and Harshavardhan belonging to the Champion Pins ltd. More details are awaited.
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