Hyderabad: A 37-year-old businessman from Nadargul approached the Central Crime Station (CCS) sleuths, alleging that his relative duped him and his brother for over Rs 2.1 crore by inducing them to invest in a purported wine distribution business in the city.According to police, the complainant, P Sukumar of Nadargul, lodged a complaint on March 16, stating that his relative, S Naresh, had approached him several times from April 2024 with a business proposal linked to wine distribution. “Naresh claimed that he was an authorised sub-distributor associated with a reputed wine company and promised high monthly returns on the investment in his business,” the complainant alleged.Sukumar further claimed that Naresh showed fabricated agreements, false business documents, and manipulated bank statements to gain his confidence. Believing these claims, Sukumar invested money with Naresh through multiple cash and bank transactions between April 2024 and May 2025.As per the complaint, Sukumar invested over Rs 1.53 crore, while his brother, P Murali Krishna, invested Rs 24 lakh, taking the total investment to over Rs 1.77 crore. He further alleged that in July 2025, Naresh executed a written agreement promising to return Rs 2.15 crore and issued post-dated cheques as security, but the cheques were dishonoured.The complainant also alleged that when he demanded repayment, Naresh, his associates and family members threatened him with serious consequences and warned him against approaching the police.Based on the complaint, CCS police registered a case under Section 318(4) (cheating and dishonestly inducing delivery of property) of the BNS against S Naresh and his associates on March 16. “We are analysing the financial transactions and agreement documents as part of the preliminary investigation. Based on the findings, appropriate legal action will be initiated,” said a CCS official.
