Archive · 25 May 2025
Hyderabad Police Registers Case Against Businessman for Fraud
Imagine a business owner named Kanthi Dutt who asked someone named Akshay Nag for money to help with his food company.
Akshay gave him Rs 58 lakh, believing it would help the business.
However, the company was in trouble, and Dutt allegedly provided fake information.
The police are investigating Dutt for cheating and breaking trust.
This isn't the first time Dutt has been accused of similar actions, as he was previously arrested for defrauding investors.
The police are gathering evidence to figure out what exactly happened.
A local businessman, Kanthi Dutt Thonangi, is accused of duping an investor out of Rs 58 lakh.
The investor, Kamuni Akshay Nag, was convinced to invest in Winners Eleven Foods.
Nag alleges that Dutt provided false business information.
The Banjara Hills police have registered a criminal case against Dutt.
Dutt has prior charges of similar offenses.
- Who
- Kanthi Dutt and Kamuni Akshay Nag
- What
- A criminal case was registered against Kanthi Dutt for allegedly duping an investor.
- When
- Between January and March 2024
- Where
- Hyderabad, India
- Why
- Dutt allegedly provided false information and failed to disclose the business's financial difficulties.
- Accused
- Kanthi Dutt Thonangi
- Amount allegedly duped
- Rs 58 lakh
- Investor
- Kamuni Akshay Nag
- Stake in Winners Eleven Foods
- 10%
- Police Department
- Banjara Hills police
- Charges
- Sections 318(4), 336(3) and 316(2) of the BNS