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HyderabadSocialite Shilpa case: Probe intensified

Socialite Shilpa case: Probe intensified

Published: 29th Nov 2021 11:29 pm | Updated: 30th Nov 2021 12:44 am

Hyderabad: The Narsingi police have intensified the investigation into the multi-crore fraud case of socialite turned Tollywood producer T Shilpa Chowdary and her husband T Srinivas Prasad.

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On Sunday, another woman approached the Narsingi police and lodged a complaint against Shilpa alleging that she cheated her to the tune of Rs 2 crore. Till now, six victims have been identified and complaints have been received at various police stations across the city.

The police during the preliminary investigation learnt that the couple targeted elite people from film industry, politicians and business families and invited them for theme-based parties, kitty parties and other social gatherings organised at farm houses, resorts, etc. They lured the guests with costly and sumptuous food and costly drinks.

During such parties, they lured the guests, mostly women into investing into their real estate business promising them high returns. Thus, they are expected to have collected nearly Rs 80 crore from investors and duped.

Such money collected by the couple was diverted into the real estate business. The police identified a few accounts where the money was transferred and are also probing other channels through which the money was collected and diverted.

Further, when women investors demanded the couple to return money, Srinivas resorted to threatening them. Claiming that he has close friends in the police department, he threatened to harm them.

The Narsingi police had filed a petition before the court seeking police custody of the couple, who were arrested on Saturday in connection with an alleged multi-crore fraud. The police, in the petition sought a week’s custody to extract more information from them. The court which heard both sides, posted the matter to December 1.


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