Hyderabad: Task Force sleuths from the North Zone of the city on Thursday arrested film producer Nandi Srihari on charges of cheating people.
According to the Task Force sources, Nandi Srihari was arrested for his alleged involvement in the ‘Gurudev Multi-level Marketing’, the scam which left about Rs 90 crore of public money siphoned off in the pyramid marketing scheme.
The sources say that the film producer collected money from gullible investors, assuring them of high returns on their investments. The case came to light after some investors demanded the repayment of the money.
Nandi Srihari had earlier produced the film ‘Nagaram Nidrapothunna Vela’ starring Jagapathi Babu and Charmi.
The producer was arrested after the Task Force police registered a case against him. He will be produced in a court by Thursday evening, the sources said.
Recently, the police also arrested the second female lead in the same film, ‘Nagaram Nidrapothunna Vela,’ for her involvement in a prostitution racked. This racket was being run from a posh locality in the city.
Earlier, the police arrested `Puli’ and `Khaleja’ producer Singanamala Ramesh for his involvement in various scams, extortion and for issuing threats.(INN)