The Cyberabad Economic Offences Wing (EOW) has registered a criminal case against 10 members and associates of the Vemula Raghava Reddy Lakshmamma Educational Society. The allegations involve large-scale forgery, fund diversion, and illegal control of the society that manages Malla Reddy Engineering College and Management Sciences in Kistapur, Medchal Malkajgiri district.
Complaint Filed by Elected President
The complaint was lodged by businessman Vemula Kista Reddy, who was elected president of the society on March 24 after the reconstitution of its managing body. He accused his brother, former president Vemula Malla Reddy, and other relatives of fabricating records to retain control. According to the complaint, forged general body meeting documents, fake resolutions, and altered by-laws were created. Signatures, including those of Kista Reddy, were falsified. These documents were allegedly used before banks to enable unauthorized operation of society accounts.
Allegations of Fund Diversion
Funds were reportedly siphoned off through online transfers, cash withdrawals, and diversion to personal and third-party accounts. The complaint points to suspected illegal transactions worth several crores. Loans of about ₹10 crore were allegedly raised in the name of the college without committee approval. Government fee reimbursements and institutional revenues were also diverted. Kista Reddy stated, "The accused gained about ₹9.7 crore illegally, and it may increase, therefore investigation is required."
Additional Allegations
The complaint further alleges threats to society members, withholding of original records, and illegal access to digital systems, email accounts, and online banking platforms to alter or destroy evidence. Based on the complaint, the EOW registered a case against Malla Reddy and nine family members under various sections of the Bharatiya Nyaya Sanhita (BNS) on April 17. An EOW official said, "We are verifying the allegations and collecting evidence. Appropriate legal action will be initiated based on the findings."
