In a major twist in the microfinance fraud case, police have found that a large amount of money was transferred from main accused Ramavat Madhu to the bank account of singer Mangli’s brother Shiva.
According to initial findings, nearly â¹1 crore was credited to Shiva’s account. Police also noticed that the money was withdrawn on the same day it was deposited, raising further suspicion.
So far, Mangli has been denying any connection to the case.
At one point, she even broke down in front of the media, expressing sympathy for the victims and saying she was ready to fight for them. But now, with funds traced from the accused’s account to her brother’s account, the case has taken a new turn.
Police are now investigating the matter more deeply. They have written to several banks seeking details of key accounts linked to the case. Meanwhile, the account of main accused Ramavat Madhu has been frozen.
The case began after a person named Himakanth Reddy approached lawyer Subba Rao, alleging that he was cheated of crores in the name of microfinance and real estate schemes involving Mangli and her brother.
When Subba Rao tried to seek clarification from Mangli, he alleged that she threatened him and later filed a complaint at Panjagutta police station.
In response, Mangli filed a counter-case against Subba Rao, accusing him of making false allegations just to gain publicity.
However, with the latest revelation about money being transferred to her brother’s account, the case has taken a fresh and serious turn.