Bar owner sentenced to 5-yr. RI in PMLA case after loan fraud

The Directorate of Enforcement (ED) has secured a condemnation successful a wealth laundering lawsuit linked to slope fraud successful the city.

The Nampally tribunal successful Hyderabad, connected November 24, 2025, recovered L. Srinivas Goud blameworthy nether the Prevention of Money Laundering Act (PMLA), 2002, and sentenced him to 5 years of rigorous imprisonment (RI).

A good of ₹25,000 was besides imposed connected him and his firm, Mallika Inn Bar and Restaurant.

The lawsuit stemmed from a fraudulent indebtedness obtained by Goud, proprietor of Mallika Inn Restaurant & Bar. Investigations revealed that helium forged documents and utilized impersonation to get a indebtedness from Federal Bank. An impostor was made to look arsenic his parent earlier slope officials, portion fabricated rubric deed documents and forged signatures were utilized to propulsion the indebtedness through. The indebtedness was obtained arsenic a lodging indebtedness and for renovation of the establishment; however, it was diverted for different uses and misappropriated, generating proceeds of transgression and causing a nonaccomplishment of ₹44.80 lakh to the bank.

Following the investigation, ED’s Hyderabad Zonal Office filed a prosecution ailment against the accused and his firm. During the trial, aggregate witnesses were examined and the section concluded its arguments. However, Goud repeatedly avoided appearing earlier the court, prompting the issuance of non-bailable warrants connected respective occasions. Despite respective attempts, helium could not beryllium traced astatine his known address, and it was aboriginal discovered that helium shifted his residence.

Using some physics and quality intelligence, investigators located his caller address, which was verified done tribunal records. Surveillance was maintained for a week, and connected the aboriginal hours of October 27, 2025, helium was apprehended and produced earlier the court. He was remanded to judicial custody and remained successful jailhouse arsenic his successive bail applications were rejected owing to his antecedents and hazard of absconding.

On November 24, 2025, the Court pronounced the condemnation order, confirming his guilt successful laundering proceeds of crime. Goud continues to stay successful judicial custody pursuing the sentence.