Hyderabad: A purported ₹10 crore investment dispute has escalated into a high-stakes legal confrontation between folk singer Mangli (Satyavathi Rathod) and advocate Singapogu Subbarao, with both parties filing separate FIRs. The case has now moved beyond financial allegations into a broader conflict involving criminal charges, reputational damage, and counter-accusations.
Promise of Big Returns, Then Big Trouble
The controversy began when advocate Subbarao alleged that his clients were duped of approximately ₹9.5 to ₹10 crore through an investment scheme linked to a company named “Gokula Nandana Infra India Pvt Ltd.” According to the complaint, around 100 to 150 investors were lured with promises of monthly returns ranging between 3% and 5%, particularly by citing film financing opportunities.
Based on this complaint, an FIR was registered naming Mangli, her brother Shiva, and several others. Among the accused, Ramavath Madhu has been identified as the primary accused, while other individuals have been booked for alleged roles in cheating and criminal conspiracy. The complaint claims that the network systematically gained investors’ trust, collected large sums of money, and later failed to deliver the promised returns.
Threat Claims Turn Money Dispute Darker
Subbarao further alleged that when he attempted to recover funds on behalf of his clients, he was subjected to threats. The complaint mentions that he was warned of a possible “staged road accident,” leading to the inclusion of charges related to criminal intimidation and conspiracy.
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Mangli Hits Back With Explosive Counter FIR
On the other hand, Mangli has categorically denied all allegations and has filed a counter FIR, accusing Subbarao of blackmail, defamation, and harassment. She has claimed that a “fabricated video” was used to threaten her and damage her public image.
In her complaint, Mangli alleged that she was pressured for money and, upon refusal, a false narrative was created against her. She has described the accusations as a deliberate attempt to tarnish her reputation and harm her career. Accordingly, she has invoked legal provisions related to extortion, defamation, and insult.
The case intensified further as conflicting claims about the scale of the alleged fraud emerged. While the official investigation is currently focused on an amount of around ₹10 crore, Subbarao has claimed that the total magnitude of the scam could extend to ₹150–₹200 crore, involving a larger pool of investors.
Amid the controversy, film director Venu Udugula was also mentioned in connection with a reported meeting between the parties. However, he has publicly distanced himself from the matter, stating that he has no involvement in any financial dealings and had only suggested an amicable resolution as a mutual acquaintance.
Dual FIRs, Bigger Questions, High-Profile Heat
Authorities are now conducting parallel investigations based on both FIRs to determine the authenticity of the allegations. Officials are examining financial transactions, digital evidence, and related documentation to establish whether the case constitutes a genuine investment fraud or stems from a personal and legal dispute between the parties.
At present, the matter has evolved into a complex legal battle involving financial crime allegations, claims of intimidation, and reputational conflict. The outcome of the investigation is expected to play a crucial role in determining accountability and clarifying the facts in this high-profile case.
