VIJAYAWADA: An industrialist, Inturi Sambaiah, 74, has complained to the Director-General of Police (DGP) Sambasiva Rao that his partners had cheated him to the tune of `5.25 crore on the pretext of overtaking a private company. The victim, a resident of Mangalagiri, owns Firewater Beverages Pvt Ltd, along with his business partner. They had a sale agreement with Sri Shakti Distilleries Pvt Ltd located in Rayagada of Odisha whose owner was Uma Maheshwar Rao. Initially, Maheshwar Rao claimed that he is the sole owner of the company, but later it was found that there were several other partners.
Revealing his ordeal to the press, Sambaiah said, “I had employed one of my partners, Achyutha Ramaiah, to look after the financial transactions due to my age. Achyutha colluded with Maheshwar Rao with a criminal intent and finally said that we didn’t pay anything despite paying `5.25 crore.”
After learning that he had been cheated, the victim approached the Rayagada police. A case was registered against Maheshwar Rao, resident of Visakhapatnam, Akanta Venkateswarlu Sanapala, Tati Reddy Tamma, and Shyam Prasad Reddy. Recently, Sambaiah complained to the DGP that the accused had cheated several others in the State. The DGP reportedly alerted the CID based on the complaint.