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Case against Actor Nikhil Reddy registered

April 4, 2012 - Hyderabad

A cheating case against actor Nikhil Reddy by the police in regard to a cheque bounce case. The actor is the producer and hero of the movie 'Angrez'. He borrowed a loan of Rs. 50 lakhs from Vasanth Narayana Reddy and has given cheques towards surety. The production of the movie was completed and even got released but the actor failed to repay the money. Vasanth said he was even threatened by the actor with a licensed revolver when asked for his money back. The cheques given as surety were sent for collection and they bounced back.

Vasanth sought justice in the court by filing a private complaint for which the court has directed the Narayanaguda police to register a case. A court referred case was registered under Section 420 of the Indian Penal Code, 1860 - Cheating and dishonestly inducing delivery of property way back in November 2011. Later, Nikhil promised that he will compromise and settle the case with Vasanth and opted not to get arrested. Vasanth met Nikhil several times and at one point has asked only for the principal loan amount waiving the loan interest. However, the actor failed to keep up his promise and tried to keep away from Vasanth. Now, it is found that he is absconding.

Andhra News

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