Archive · 13 Jun 2025
Fugitive CEO Arrested for Cheating Farmers of ₹54 Lakh
The CEO of a farmers' company named Srinivas was caught by the police.
He is accused of owing 54 lakhs of rupees to 39 farmers for the paddy he bought from them.
The police had been looking for him after he disappeared.
They found him in a village and recovered 9 lakhs of rupees.
The police said that he liked to spend a lot of money before he cheated the farmers.
Police arrested Srinivas, CEO of Women Farmers Producers Company Limited.
Srinivas was apprehended in Pardi (B) village.
He is accused of not paying farmers for paddy purchases.
The amount owed to 39 farmers totaled ₹54 lakh.
₹9 lakh was recovered from Srinivas at the time of his arrest.
- Who
- Srinivas, the CEO of Women Farmers Producers Company Limited, and 39 farmers.
- What
- Police arrested Srinivas for failing to pay farmers.
- When
- Friday
- Where
- Adilabad and Pardi (B) village
- Why
- Srinivas did not pay farmers for paddy he purchased and spent lavishly.
Farmers' Perspective
N/A
Non-Payment for Goods
Farmers' Perspective
Farmers were not paid for the paddy they sold to the company.
N/A
N/A
- Suspect
- Srinivas
- Position
- CEO, Women Farmers Producers Company Limited
- Amount Owed
- ₹54 lakh
- Number of Farmers
- 39
- Amount Recovered
- ₹9 lakh
- Location of Arrest
- Pardi (B) village