Hyderabad: The Cyberabad commissionerate’s economic offences wing (EOW) police registered three crimes against the current managing committee, former management and 21 members of Telugu Cine Workers Co-operative Housing Society for large-scale mismanagement and embezzlement.
Several notable film personalities like Paruchuri Venkateswara Rao, Tammareddy Bharadwaj, Kadambari Kiran, Kolli Ramakrishna were named as accused in the FIRs filed.
The case, filed following complaints from Chitrapuri Sadhana Samithi president Dr Kasthuri Srinivas, film director and producer Maddineni Ramesh Babu and Tota Sri Padma, wife of late society member Tota Rama Krishna, was transferred from the Raidurgam police.
The first complaint named Anil Kumar Vallabhaneni, Paruchuri Venkateswara Rao, Komara Venkatesh, Vinodh Bala, Chandra Madhu, Kadhambari Kiran, A. Mahananda Reddy and others as the accused.
The second complaint named Anil Kumar Vallabhaneni, V. Praveen Kumar Yadav, Satyanarayana Doora, T. Lalitha, Alahari V.V. Prasada Rao, Kongara Ramakrishna Prasad, Deepthi Vajpeyee, Anitha Nimagadda, Kadambari Kiran, A. Mahananda Reddy, Raghu Bathula, Jalla Madhusudhan, M. Vinod Bala, P.S. Krishna Mohan Reddy, Paruchuri Venkateswara Rao, K. Rajeshwar Reddy, Chandra Madhu, Devineni Bramananda Rao, Kolli Ramakrishna, K. Uday Bhaskara Rao and Tammareddy Bharadwaj as the accused.
Anil Kumar Vallabhaneni, Satyanarayana Dora, Hari Alla and Ratna were named as accused in the third complaint.
The complaints accused the managing committee of fraudulently admitting ineligible members to the society in exchange for large sums of money, in violation of the Telangana Co-operative Societies Act.
It was also alleged that they have collected significant amounts in illegal gratification for these admissions, and misappropriated the funds for personal gain. Furthermore, the society’s funds have reportedly been embezzled, with the members underreporting the true value of transactions to evade government taxes.
The scandal deepened with accusations that the committee members cancelled house allotments to 390 members after collecting advance payments of over `31 crore. These funds have allegedly not been fully accounted for, leaving the society liable to repay the amounts with interest.
Additionally, the committee is accused of failing to fulfil construction obligations, leaving members without their promised homes. The contractors involved were allegedly admitted to the society in exchange for kickbacks, further increasing the financial burden on the society.
