A significant development has surfaced in the microfinance fraud case involving singer Mangli and her brother, Shiva Chauhan. During the investigation, police scrutinized Shiva Chauhan’s bank accounts and identified that substantial funds were deposited on three separate occasions. These transfers originated from the bank account of an individual named Ramavath Madhu, leading authorities to freeze Madhu’s account as part of the ongoing probe.
The police have formally requested detailed transaction records from banks regarding the accounts of key suspects, including Ramavath Madhu, Himakanth Reddy, and Shiva Chauhan. The case began when Subba Rao, a lawyer from Secunderabad, alleged that Mangli, her brother, and others defrauded people of crores of rupees by promising high returns through a microfinance scheme. He further claimed that when he attempted to confront Mangli, she resorted to threats, prompting him to file a complaint at the Panjagutta police station.
In response to these allegations, the police registered a case against Mangli, her brother, and three others. Meanwhile, Mangli has countered the accusations by filing her own complaint, asserting that Subba Rao is attempting to gain cheap publicity by misusing her name. As the investigation intensifies, the discovery of these specific bank transfers provides a crucial lead for the authorities in uncovering the extent of the alleged financial misconduct.
