Hyderabad, June 13 -- Retired IAS officer Dayachari Ponnekanti has been booked by the Hyderabad Central Crime Station (CCS) for allegedly duping an NRI of Rs 4.3 crores by luring him into fake business ventures.

The complainant, Kommineni Kalyana, a 59-year-old resident of New Jersey, US, stated that he was first introduced to Ponnekanti through common contacts while the officer was working for the Tobacco Board in Guntur.

The complainant alleges that in February 2015, Ponnekanti approached him in the US and asked him to invest in the establishment of a hospital named "Kugler" in Guntur. Then, later in March that same year, he was asked to invest in a sand supply contract with a Singapore company and a long-term LPG supply contract with...