The accused is said to have evaded repayment by making repeated false promises, police added. A case of cheating and breach of trust has been registered, and investigation is underway.
Hyderabad: The Banjara Hills police have registered a case against a man who allegedly cheated a devotee of ₹20 lakh by posing as a fellow follower and gaining his trust.
The complaint was filed by Balayanesh, who has been associated with the Iskcon movement for 13 years and participates in charitable activities.
In 2019, he came into contact with Satyavem Katareddy Naidu of Vardhini, who frequently visited the temple projecting himself as a devotee. Over time, Naidu reportedly allegedly induced him to invest in a purported land deal.
Police said the accused claimed he was purchasing a 10‑acre plot in Narsapur village, Siddipet district, and allegedly assured the complainant of safe returns, promising to register the land in his name. Trusting these assurances, Balayanesh availed a personal loan of ₹20 lakh from a bank and handed over the amount.
The land was never registered, nor was the money returned. The accused is said to have evaded repayment by making repeated false promises, police added. A case of cheating and breach of trust has been registered, and investigation is underway.
