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Hyderabad: Sri Sai Ram Enterprises’ owner Sandhya Rani, husband booked for cheating bizman, wife of Rs 17.8 Cr
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Hyderabad: Cyberabad Economic Offences Wing has booked entrepreneur M. Sandhya Rani, her husband N Sridhar, and associate Ramdas for cheating a city businessman and his wife of Rs 17.8 crore.
This is the fourth cheating case against Kukatpally-based entrepreneur Sandhya Rani in recent months, who runs Sri Sai Ram Enterprises.
She and Ramdas were arrested by the Hyderabad CCS on September 1 and remain in judicial remand.
Victim tricked into floating companiesAccording to the complaint by 39-year-old G. Prakash, Sandhya Rani befriended him in October 2024, posing as a successful entrepreneur in leather manufacturing and school uniform businesses.
Additional loans and fund diversionPrakash claimed he was further pressured to raise Rs 5 crore through hand loans from friends and relatives.