Lingamaneni Ramesh, a well-known businessman in AP, is being charged with defrauding chaitanya Group of Educational Institutions. The head of the chaitanya group, B v Rao, claimed to the media on tuesday that lingamaneni ramesh had defrauded them of more than Rs 300 crore during the previous ten years. Rao claimed that in order to purchase property for the expansion of the group's educational institutes, they paid lingamaneni ramesh Rs 310 crore in 2012–13. Rao claimed that despite rising pressure, Ramesh had issued the chaitanya group 10 checks for the payback of the money but had never actually given them the land.

Rao said that the banks did not honour the checks either. Finally, in 2016, they both signed a contract outlining an exchange of land for the cash given to Ramesh. Rao added that they had filed six charges against Ramesh since he was not upholding the deal. Additionally, he mentioned that Ramesh was ordered to pay the money in monthly installments by the supreme court after the chaitanya Group had filed a lawsuit in that court. Ramesh, according to Rao, was not even following a supreme court order.

A well-known businessman who is connected to tdp leader N chandrababu naidu is Lingamaneni Ramesh. Naidu received Ramesh's residence when the latter was Andhra Pradesh's chief minister. To aid chandrababu naidu, Ramesh also convened a private meeting in 2018 between Naidu and Jana Sena leader Pawan Kalyan.

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Chaitanya Group

G GOWTHAM

15/02/2023 11:57 AM