Retired High Court Judge Duped of Rs 2.5 Crore Over Electoral Bonds

In a shocking turn of events, a retired judge from the Andhra Pradesh and Allahabad High Courts, D.S.R. Varma, fell victim to a fraud amounting to Rs 2.5 crore under the guise of electoral bonds. The distinguished former jurist lodged a complaint with the Hyderabad police, detailing how he was deceived by two individuals, Narendran and Sarath Reddy.

According to Varma’s complaint, the duo approached him with a proposition tied to a political party, promising not only to acknowledge the contribution through electoral bonds but also to facilitate a comfortable resettlement for him and his grandchildren in the United States. Trusting their assurance, Varma’s family members transferred the substantial sum in several transactions throughout 2021.

The Film Nagar police, acting on Varma’s complaint, have initiated legal proceedings against Narendran and Sarath Reddy, charging them with criminal breach of trust and cheating. The police are currently conducting a thorough investigation into the matter.

Also Read

Varma’s complaint sheds light on the intricate details of the scam. He was acquainted with Narendran through relatives, which perhaps lent an air of credibility to the fraudulent scheme. Sarath Reddy, who was tasked with collecting the funds, allegedly exploited Varma’s esteemed background as a former high court judge, promising favorable treatment in the US as a gesture of respect.

Despite the significant financial transfer, Varma and his family received neither the promised electoral bonds nor any form of assistance regarding their prospective relocation to the US. The realization of the scam prompted Varma to seek legal recourse, especially in the wake of the Supreme Court’s recent decision to annul the electoral bonds scheme.

Law Trend
Law Trend
Legal News Website Providing Latest Judgments of Supreme Court and High Court

Related Articles

Latest Articles