Keshava Reddy School, Kurnool:
This is a case of cheating and defaulting in the return of the deposits either in cash and in kind or defaulted in the payment of interest on the deposit amount of the depositors (parents of the students) of Keshava Reddy School.
Total Depositors : 11,000
Amount collected by the Company : Rs. 750 Cr.
The following 07 cases have been registered against them and all are being investigated by the CID, Andhra Pradesh.
The following persons were arrested and remanded to judicial custody.
Mr. Nagireddy Keshava Reddy @ Keshal Reddy, Correspondent of Keshava Reddy Schools in AP and Telangana State
Properties (immovable and movable) have been attached vide orders:
G.O.Ms.No.13, Home (Genl) Department, dt. 17-02-2016.
Petitions have been filed in Special Court, Kurnool for making the above GOs absolute.