The Patancheru police are investigating a massive fraud case involving Sri Vidya, a woman accused of cheating over 40 people and amassing nearly Rs20 crore through elaborate investment scams over the past three years.
According to victims and police sources, Sri Vidya primarily targeted women from Patancheru and surrounding towns, promising high returns on investments and collecting both cash and gold under false pretences.
She gained trust by claiming to have close ties with high-profile individuals such as Vijay Bhasker Reddy and Chevi Reddy Bhasker Reddy from Tirupati. These alleged connections helped her build a façade of credibility, which enabled her to extract massive sums.
Fake Marriages, Shops and Illusions of Wealth
Adding to her deceptive persona, Sri Vidya is reported to have married eight men in different areas. She also ran multiple businesses, including:
A jewellery shop named Shalini Jewellery
A clothing store
A saree boutique
These establishments helped her present herself as a legitimate entrepreneur, gaining further community trust.
One of the victims, Kalamma, said she and others regularly visited Sri Vidya’s home for updates on their investments. However, she consistently postponed payments, replying with evasive promises like “Tomorrow, tomorrow.”
In some cases, Sri Vidya reportedly harmed herself, including self-inflicted injuries and hospital admissions, to avoid dealing with those demanding their money back.
The situation escalated recently when eight women, including Kalamma, visited Sri Vidya’s residence at APR 74th Villa, Patancheru, to demand their dues. Instead of repayments, they were allegedly physically attacked by:
Sri Vidya
Her current husband Didi Rajasekhar (from Narsampet, Warangal)
His brothers Didi Nikhil and Didi Ranjith
Her maid Aparna
Her son Abhi
Kalamma sustained severe head injuries and is in critical condition due to heavy blood loss.
Fraud Since 2014, Inaction Alleged
The fraudulent activity reportedly dates back to 2014, impacting victims across Pileru, Bakaraopet, Tirupati, and Warangal. Some victims allege that Sri Vidya may have deceived police officials, contributing to delayed or dismissed complaints over the years.
Sri Vidya also allegedly worked with a personal assistant to Chevireddy Bhasker Reddy, who helped stage fake meetings in luxurious venues, claimed they were receiving large sums of money, and travelled in convoys of cars to maintain the illusion of wealth and power.
She currently resides in a luxurious apartment in Patancheru and is believed to own at least four other houses.
The Patancheru police are actively investigating the case, though no official arrests have been confirmed yet. Residents and victims are demanding swift legal action and the arrest of all involved, including Sri Vidya and her known associates.
