Now Reading: Ex-MLA Rohith Reddy convicted in Rs 34 lakh cheque bounce
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Ex-MLA Rohith Reddy convicted in Rs 34 lakh cheque bounce
A Hyderabad court convicted former BRS MLA Pilot Rohith Reddy in a Rs 34 lakh cheque bounce case on Friday. The first judicial magistrate issued a non-bailable warrant as Reddy was absent…
The Story in Brief
A Hyderabad court convicted former BRS MLA Pilot Rohith Reddy in a Rs 34 lakh cheque bounce case on Friday. The first judicial magistrate issued a non-bailable warrant as Reddy was absent during the verdict.
The complaint by Intellidecs Private Ltd alleged that Reddy, as a former director, diverted company resources for personal business and agreed to pay Rs 34.23 lakh as advisory fees. He issued a cheque in 2014, but it was returned unpaid three times. The court rejected his defence that signatures were obtained on blank documents, citing statutory presumption under the Negotiable Instruments Act. Sentencing will be decided when he is produced.
The Indian Opinion
This conviction proves the law can act against former lawmakers, but the eight-year gap from cheque bounce to verdict underscores the slow pace of justice. Many accused use delays to evade accountability. The NI Act's presumption of validity is a strong tool, but courts must deliver faster trials. The real test will be the sentence and whether the complainant recovers the amount.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
