Six booked in Guntur over ₹65 lakh AAIMS investment dispute

What Happened

The Guntur police registered a case on August 22 at Pattabhipuram police station after a 73-year-old man from Vijayapuri Colony and his family reportedly faced threats over a ₹65 lakh investment in Amaravati American Institute of Medical Sciences Private Limited (AAIMS). The complainant, Patibandla Narayana Swamy, and his wife invested the amount on July 19, 2018, via bank cheques. He says the investment was based on assurances that AAIMS would operate along with an associated entity, Nava Med Ventures LLC, and that his son, P. Mohan Rao, would become a partner. SWamy’s son allegedly became a director of AAIMS in December 2020 and an authorised signatory in February 2026. Despite repeated requests, the shares tied to the investment were not allotted. In response to a legal notice, the accused reportedly claimed that the ₹65 lakh was a loan, not an investment. The complainant also alleges that Mohan Rao’s authorised signatory powers were removed and that plans to remove him from the board were conveyed in August. Following these events, six individuals were booked on charges related to threatening the complainant and his family, with the investigation ongoing, according to Sub-Inspector of Police K. Nagendra.

Why It Matters

The case highlights tensions around corporate investment promises and governance within AAIMS and its related entity, including disputed share allotments and changes in signatory authority. The police action underscores ongoing scrutiny of the dispute and the potential for further legal developments as investigations continue.

Background

The dispute centers on an investment of ₹65 lakh made by the complainant and his wife in AAIMS on July 19, 2018, through bank cheques. The investee purportedly linked AAIMS to Nava Med Ventures LLC, with expectations that the complainant’s son would join the board as a director and later as an authorised signatory. The complainant asserts that shares were not allotted, while the accused contend the funds were a loan. Mohan Rao’s director and signatory roles are cited as part of the evolving corporate structure, with changes reported in December 2020 and February 2026, and removal of signatory powers in August preceding the filing of the complaint.

Key Facts

• Six individuals were booked by Guntur police for threatening a 73-year-old man and his family.
• The complaint concerns a ₹65 lakh investment in AAIMS made on July 19, 2018, via bank cheques.
• The complainant states AAIMS and Nava Med Ventures LLC were presented as connected entities, with his son named as a future director/partner.
• The son, P. Mohan Rao, became AAIMS director in December 2020 and an authorised signatory in February 2026; his signatory powers were reportedly removed in August.
• The complainant alleges that, despite requests, shares corresponding to the investment were not allotted.
• When questioned, the accused allegedly described the ₹65 lakh as a loan rather than an investment.
• The case has been registered under sections 316(2), 318(4), 351(2) read with 3(5); investigation is ongoing, per Sub-Inspector K. Nagendra.

What Happens Next

The investigation into the alleged threats and the investment dispute is ongoing, with law enforcement continuing to examine the sequence of events, the exact nature of the financial arrangement, and the roles of the individuals named in the complaint.