Bay Reddy Satyanarayan Reddy Fraud Report(P.A to M.P RajaGopal Reddy Bhongir) & Franchise owner of INDIA INFOLINE, barkatpur ,Hyderabad
Mr. BR Satyanarayana Reddy took money from various Demat Account holders from IndiaInfoLine attracting them with high interest rates without any documents/sureties.
He has been absconding since 2 yrs without paying the lent money to all the account holders. The total money he took is around 2 Crores.
Taking the advantage of being PA to Member of Parliament, Shri Komatireddy Rajgopal Reddy, he threatened account holders not to talk against him.
A case has been lodged by one of the account holder against Mr. B. Satyanarayana Reddy on 16th Dec’09 at Kachiguda Police Station(FIR. No. 41/2010, under section 420)
As he is taking political advantage, police is unable to take any action against Mr. BR Satyanarayana Reddy to produce him in Court