Mangli Ishwarya Investment Scheme Fraud

A city-based advocate in Hyderabad filed a court complaint alleging a multi-crore financial fraud involving microfinance and investment schemes. According to the reports, around 100 to 150 investors were allegedly duped of nearly ₹9.5 to ₹10 crore through ventures operating under the banner of Gokulanandana Infra India Private Limited. The accused allegedly lured victims with promises of high returns in real estate, trading, and import-export businesses before absconding and becoming untraceable.

The complaint names several individuals, including popular Telugu folk singer Mangli, her brother Shiva, film director Venu Udugula, and others. The advocate stated that when he pursued the case on behalf of his clients, he faced severe intimidation, bribery attempts, and death threats. He alleged that during a contentious meeting at a lawyer's office in Panjagutta, the accused pressured him to drop the charges and offered financial settlements in exchange for withdrawing the complaint.

According to the allegations, the situation escalated with direct threats of physical elimination, staged accidents, and verbal abuse from the accused parties. The advocate also claimed that an attempt was made to physically assault him during the altercation. Following the complaint, local authorities registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for criminal intimidation and assault, and an Assistant Sub-Inspector was assigned to lead the ongoing probe.

Not yet reported: The articles do not mention any arrests made in connection with the financial fraud or the final judicial outcome of the case.