Now Reading: Ganesh laddu auction winner booked for Rs 3.45 crore fraud
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Ganesh laddu auction winner booked for Rs 3.45 crore fraud
Kondapalli Ganesh, who won the Ganesh laddu auction at Hyderabad’s My Home Bhooja for a record Rs 51.77 lakh in September 2025, has been booked by the Cyberabad Economic Offences Wing for…
The Story in Brief
Kondapalli Ganesh, who won the Ganesh laddu auction at Hyderabad’s My Home Bhooja for a record Rs 51.77 lakh in September 2025, has been booked by the Cyberabad Economic Offences Wing for allegedly cheating six residents of Rs 3.45 crore. A complaint by Sylvia Srinivas Reddy states Ganesh and an associate promised 6% monthly returns on investments in his real estate and liquor businesses. The complainants say Ganesh used his auction win to build credibility. He is accused of diverting funds and vacating his flat and office by April. The case was registered on August 3 under sections for cheating and criminal breach of trust.
The Indian Opinion
This case shows how a grand religious gesture, winning a laddu auction for Rs 51.77 lakh, can become a tool for fraud. While some may question the investors' due diligence, the accused deliberately used his status in the apartment to gain trust. The key question is whether the EOW can recover the Rs 3.45 crore, or if this joins the long list of investment frauds where victims wait years for justice.
Sources (2): timesofindia.indiatimes.com, siasat.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
