Country Club Rajeev Reddy booked for criminal conspiracy, cheating

Telangana police have registered a criminal case against the managing director of Country Club, Y Rajeev Reddy and vice-chairman, D Krishnakumar Raju on charges of criminal conspiracy, criminal breach of trust and cheating.

The Central Crime Station (CCS) of Hyderabad registered the case after Srinivas Chowdary, an advocate from Somajiguda area in Hyderabad lodged the complaint. The case has been registered under sections 406, 420 R/w. 120 B of the Indian Penal Code and Section 5 of the Telangana State Protection of Depositors of Financial Establishments Act.

According to the FIR, Srinivas Chowdary was lured into subscribing for the Silver Privilege Money Back Scheme offered by the Country Club on payment of Rs. 25,000 in the year 2001. On attaining maturity, the Country Club management expressed helplessness due to financial constraints and instead offered a house plot.

The Country Club lured and convinced Srinivas to pay an additional amount of Rs. 1.3 lakh in the year 2006 towards the cost of plot. On persistent pursuing, three plots were allotted to Srinivas in the year 2015 in their venture Country Kuteer (now Tapovan Venture) that too after collecting Rs. 40,000 towards development charges.

Srinivas pursued the matter with Country Club for years following which boundaries of the plots were demarcated in the year 2023. However, the Club did not provide any amenities as promised. Instead, the Club management constituted plot owners welfare association by forging documents and appointed Club employees as the office bearers.

Srinivas also stated in his complaint that the Country Club management tried to collect additional money from the gullible plot owners and resorted to large scale irregularities. The club management collected money ranging between Rs. 65,000 to Rs. 4 lakhs from the plot owners luring them with free life membership in the club. Besides, the club collected up to Rs. 40,000 from each member in the garb of registration and development charges.

The complainant also said that Tapovanam venture is not according to the rules in vogue. He also said that the club management is simply fleecing people with attractive offers and subsequently resorting to criminal breach of trust and cheating.

Based on the complaint, CCS has registered a case against Rajeev Reddy and Krishnakumar Raju under sections 406, 420 R/w. 120-B of Indian Penal Code and Section 5 of Telangana State Protection of Depositors of Financial Establishments Act. Further investigations are under way, police said.