Hyderabad, May 16 -- The Cyberabad Economic Offences Wing (EOW) has registered a criminal case against Hyderabad-based businessman and BJP leader Gajjala Yoganand over allegations of cheating, criminal breach of trust, and intimidation, following a complaint filed by a US-based Non-Resident Indian (NRI) who claims he was defrauded of Rs 24.53 crore.

Yoganand, who had unsuccessfully contested on a BJP ticket from the Serilingampally constituency in the 2023 Assembly elections, has been accused of luring the complainant into investing large sums in his business ventures between 2019 and 2024, with promises of partnership and company shares in Manjeera Hotels & Resorts Pvt Ltd and associated firms.

The complainant

The complaint was filed ...