Hyderabad Police Book Folk Singer Mangli in Alleged Rs 10 Crore Investment Fraud
The singer later filed her own complaint accusing a man of attempted extortion.
Overview
- The Punjagutta police registered a case against singer Mangli, her brother, and others over alleged cheating, financial fraud, and intimidation tied to a microfinance and film financing venture.
- An advocate’s complaint alleges a loss of Rs 10 crore and claims about 100 people were drawn in by promises of high returns.
- Investors say they received neither the promised profits nor their original money back.
- Police said they filed the case under sections of the Bharatiya Nyaya Sanhita and that the investigation is underway with no arrests publicly reported.
- Mangli has filed a separate complaint against Singapogu Subbu, alleging he demanded Rs 10 lakh to remove online videos about her and threatened her reputation.