Cyberabad police have booked a Kompally-based entrepreneur, Sundeep Kumar Reddy, for allegedly cheating a 58-year-old businesswoman of Rs5.5 crore in a food and beverage venture.
The complainant, G Pavani, alleged that her son’s friend Sundeep Reddy drew her into the project in 2016, promising equal partnership and lucrative returns if she financed a proposed F&B business on his family land. Over the years, Pavani invested heavily and helped establish a partnership firm, which opened a restaurant in Kompally in 2018.
According to the complaint, Reddy maintained exclusive control of the firm’s bank accounts and finances, assuring Pavani that profits were being reinvested. Her doubts intensified in early 2025 when repeated requests for audited statements were evaded.
Pavani alleged, “I subsequently learned that the accused appointed his wife as manager, handled most transactions in cash, and diverted funds for personal luxury expenses.”
The dispute escalated on April 3 when she visited the restaurant to review records. “I was denied entry, threatened, and told I would not recover a single rupee from the firm,” Pavani said.
Based on her complaint, the Economic Offences Wing (EOW) registered a case on December 1 under Sections 316(2) (criminal breach of trust), 318(4) (cheating), and 3(5) (common intention) of the Bharatiya Nyaya Sanhita (BNS). EOW officials are verifying Pavani’s investments and examining the ownership and financial records of the restaurant as part of the ongoing investigation.
