Archive · 29 May 2025
Court Rejects Bail Plea of Shravan Rao's Wife in Fraud Case
A local court denied anticipatory bail to Swathy Rao, the wife of Shravan Rao, who is accused of cheating a company out of Rs 6.5 crore.
The case involves a deal where the company, Akhand Infratech, paid for iron ore that was never delivered.
Rao allegedly proposed the deal.
The complainant claims that when a refund was demanded, Rs 50 lakh was transferred from Acore's account.
Swathy Rao was listed as an accused and sought bail.
The court rejected her plea, citing the need for investigation and the absconding status of other suspects.
Swathy claims she had no stake in the accused company.
Swathy Rao's anticipatory bail plea was rejected by a local court.
She is accused in a Rs 6.5 crore cheating case.
The case involves undelivered iron ore despite payment.
Rao's wife is listed as the fourth accused in the case.
The police stated that her arrest is essential for investigation.
- Who
- Swathy Rao, accused in a cheating case.
- What
- Anticipatory bail plea was rejected by a local court.
- When
- Recently, after the arrest of her husband.
- Where
- A local court in Nampally, Hyderabad.
- Why
- Due to the ongoing investigation and the need to determine the whereabouts of other accused.
Prosecution's Case
Swathy Rao's Defense
Rao's Involvement
Prosecution's Case
Swathy Rao claims innocence and denies having a stake in Acore Industries.
Swathy Rao's Defense
The police believe her arrest is essential to investigate the case, including finding other suspects and examining financial records.
- Accused
- Swathy Rao, Shravan Kumar Rao
- Charges
- Cheating of Rs 6.5 crore
- Complainant
- Akhand Infratech director A Akash Krishna
- Company Involved
- Acore Industries, Inrhythm Energy
- Bail Decision
- Anticipatory bail rejected
- Amount Transferred (Refund)
- Rs 50 lakh (from Acore's account)