P. Subba Raju Vs State of Telangana (Telangana High Court)
This Criminal Petition was filed before the Telangana High Court by the petitioner, P. Subba Raju (Accused No. 3), seeking bail in connection with Crime No. 65 of 2025 registered by the Economic Offences Wing (EOW), Cyberabad Commissionerate. The petitioner is accused of offences under Sections 316(2), 318(4), 336(3), 340 read with 61(2) of the Bharatiya Nyaya Sanhita, 2023, and under Section 5 of the Telangana Protection of Depositors of Financial Establishment Act, 1999.
Allegations in the Complaint
The case originated from a complaint lodged on September 16, 2025, alleging that Smt. M. Sandhya Rani, her husband Namburi Sridhar, their son Koushik, P. Subbaraju (petitioner), Y. Ramdas, and others cheated the de facto complainant by inducing him to invest large sums of money in a textile and garment business named “Sri Sai Ram Enterprises.”
The complaint alleged that the accused:
- Presented fake purchase orders from reputed companies, hospitals, and schools.
- Produced forged GST and TDS receipts.
- Persuaded the complainant to invest money totaling Rs. 41.915 crores into various accounts controlled by them.
- Later threatened the complainant and refused repayment when he sought the return of his investments.
Arguments Presented to the Court
Petitioner’s Counsel (P. Subba Raju)
