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Tollywood actor-producer Naveen Reddy arrested

Sunday, February 5, 2023 • Tamil Comments
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Tollywood actor-producer Naveen Reddy Atluri is in the news because the Hyderabad police have reportedly taken him into custody. He has been accused by his business partners of committing forgery.

The actor has also been accused by his partners of resorting to cheating.

For the unversed, Naveen Reddy has been the CEO of Sark N-Square since 2021. So far, no proof against his wrongdoing exists. But it has been alleged that he misused his authority for some gain.

As per reports, Naveen Reddy pledged the assets of N-Square without taking the consent of the company's co-directors. It has been alleged that the person in question got Rs 55 Cr worth of assets in his name by resorting to forgery/cheating.

IPC Sections 420, 465, 468, 471 r/w 34 have reportedly been invoked. The CCS police have remanded him to the Cherlapally jail for interrogation.

He acted in and produced some less-known Tollywood movies in the past.

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