Indian-origin couple arrested in US for running prostitution ring involving Tollywood actresses

Agencies
June 18, 2018

Washington, Jun 18: An Indian-origin couple have been arrested for allegedly running a high-end prostitution ring in the US by luring at least five actresses from Tollywood and advertising them for sex at Indian conferences and cultural events across the country, according to a media report.

The prostitution scheme was masterminded by Kishan Modugumudi, 34, an Indian businessman who rose to become a player in the Tollywood movie industry and co-produced several hit films, Chicago Tribune reported.

The ring charged clients up to USD 3,000 for each sexual encounter, according to a 42-page criminal complaint filed in US District Court in Chicago.

Modugumudi and his wife Chandra, 31, also allegedly kept detailed ledgers of the sex acts performed by each girl, including where they occurred and how much they collected, the report said.

While here on temporary visas, at least five actresses were sometimes forced to stay in a dingy, two-story apartment building in Chicago's Belmont Cragin neighbourhood waiting for their next "date," the charges alleged. They also met clients in hotels at conferences in Dallas, New Jersey and Washington.

The complaint alleged that Modugumudi threatened the life of one of the actresses and her family if she told law enforcement the truth about what she did while in the country.

Modugumudi told the woman, identified in the charges only as Victim A, that "it would be nothing for him to harm her if she talked to the police about him because she is small and unknown, not a big actress," the complaint alleged. "(He) further stated he had a copy of her passport with her family's name and address in it," the report added.

Federal agents discovered the ledgers when they searched the Modugumudis' apartment in the 5700 block of West Belden Avenue in February, according to the complaint.

Modugumudi and his wife have been in federal custody since agents arrested them in late April in suburban Washington, on a warrant, records show.

At a detention hearing last week in federal court in Chicago, the couple, dressed in jail clothes, listened to the proceedings through a Telugu interpreter.

Attorney Molly Armour, who represents Modugumudi, told the judge she had been trying to find a place for the couple to live so they could be freed on bail but that so far she had been unsuccessful.

US Magistrate Judge Maria Valdez ordered them to remain in custody for the time being. The couple's two school-age children, meanwhile, are in the custody of child welfare officials in Virginia. Tollywood, the Telugu film industry, is one of the oldest and busiest in India.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 11,2024

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Udupi, Nov 11: The Karkala town police in Udupi have arrested Krishna Naik, the sculptor responsible for installing a 33-foot Parashurama statue at Umikkal Hill in Bailur, Karkala taluk. 

Naik, the owner of Krish Art World and a resident of Bengaluru's Visvesvaraya Layout, was apprehended in Mahe, part of the Union Territory of Puducherry, for allegedly substituting a look-alike statue in place of a genuine bronze figure at the Parashurama Theme Park in Karkala.

Udupi Superintendent of Police Dr. Arun K confirmed the arrest, stating that Naik faces charges under Sections 420 (cheating) and 409 (criminal breach of trust) of the Indian Penal Code. 

This legal action followed a complaint lodged in June by Krishna Shetty, a resident of Nallur village, Karkala. Shetty claimed that Naik had received a payment of ₹1,25,50,000 from Udupi Nirmithi Kendra for the installation of a bronze Parashurama statue. However, Naik allegedly deceived the government by installing a replica instead.

The statue was unveiled on January 27, 2023, by then Chief Minister Basavaraj Bommai. Current Chief Minister Siddaramaiah has since ordered a CID investigation to probe deeper into the alleged fraud surrounding the statue's installation at the theme park.

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News Network
November 19,2024

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