Six booked for ‘threatening’ man over ₹65 lakh investment dispute in Guntur
Complainant alleges that shares corresponding to the investment in a medical institute were not alloted
The Guntur police have booked six individuals for threatening a 73-year-old man and his family over a ₹65 lakh investment dispute in Amaravati American Institute of Medical Sciences Private Limited (AAIMS). The case was registered at Pattabhipuram police station on August 22, following a complaint by Patibandla Narayana Swamy of Vijayapuri Colony.
Narayana Swamy and his wife had invested ₹65 lakh in AAIMS on July 19, 2018, through bank cheques, based on assurances from the promoters that the company would be established with Nava Med Ventures LLC. The complainant alleged that his son, P. Mohan Rao, was appointed as a director in December 2020 and an authorized signatory in February 2026, despite not receiving the shares corresponding to the investment.
The accused allegedly claimed the ₹65 lakh was a loan and not an investment, and threatened the complainant and his family when questioned. The case is under investigation, as stated by Sub-Inspector of Police K. Nagendra.
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