Hyderabad: The Economic Offence Wing (EOW) of Telangana CID has apprehended an individual hailing from Tamil Nadu who stands accused of causing a loss amounting to Rs 29 crore to a company.
This case involves allegations of criminal breach of trust, cheating, fabrication of documents, and their fraudulent use. The accused, identified as (A-2) Anil Beniprasad Agrawal, along with others, is alleged to have embezzled funds from the complainant company, M/s Ravi Kumar Distilleries Limited. They purportedly did this by falsely acting as the lead manager (BLRM) for the Initial Public Offering (IPO) of M/s Ravi Kumar Distilleries Limited.
The accused fraudulently collected a substantial sum from the complainant company and also acquired shares of M/s Liquors India Limited. These actions have led to multiple charges, including Sections 406, 409, 420, 447, 385, 386, 467, 468, 469, 471, 120-B, and 34 of the Indian Penal Code (IPC), as per Cr. No. 248/2013 registered with Nacharam Police Station, now under the purview of the EOW Team, CID, TS, Hyderabad, a police statement said on Monday.
After concluding the investigation, a charge sheet was filed. The accused (A-12) Mohanraj, a resident of Chennai, has been evading authorities since the commission of the offense in 2013. The Second Metropolitan Magistrate Court at L.B. Nagar issued a Non-Bailable Warrant against (A-12) Mohanraj of Chennai.
The EOW team, led by Inspector of Police Sri R. Ramesh, visited Chennai and successfully apprehended the accused on October 7, 2023, at 19:00 hours. They transported him to Hyderabad and presented him before the Second Metropolitan Magistrate Court at L.B. Nagar, where he was remanded to judicial custody.
The diligent efforts of the EOW team, under the able guidance of Smt. K Venkata Lakshmi, Superintendent of Police, EOW, CID, TS, Hyderabad, and S B. Rami Reddy, Superintendent of Police, CMS, CID, Telangana, Hyderabad, along with the dedicated personnel, including DSP D Upendra Reddy, Inspector R. Ramesh, Sub-Inspector D. Ramesh, ASI D. Srinivas, and HC Ch. Venkata Rathnam, HC 1983, have been lauded by Mahesh M Bhagwat, ADGP, CID, Telangana.
He has announced that the team will be duly rewarded in recognition of their exceptional efforts.
