Dear all

I am the manager of the Sree baba enterprises. During the month of March 2018 the one Sarath Chand Bhavaraju and his wife Madhavi Bhavraraju had approached us for arranging loan a sum of Rs. 2 Crore for the purpose of developing their business and basic needs. As per the request made by them, we have also sanctioned Rs. 2 crores and they promised to repay the amount within 6 month along with interest, accordingly the loan agreement had executed by the Sarath Chand . Thereafter to repay the amount on 28/05/2018 the said sarath had issued the cheques bearing Nos. 060369, 060370 a sum of Rs. 75,00,000/- & 1,25,00,000/- in favour of Sree baba enterprises but the above cheques were returned as funds insufficient. Immediately we have informed the same to sarath and madhavi and request to repay the amount but till date they failed to repay the amount and trying to cheat us. Hence we had filed a cheque bounce case in egmore court and the same is pending for enquiry. After receiving the notice in cheque bounce case to escape his liability the sarath had given the complaint before the CCB Police Chennai and we had also filed a bail application before the high court and its pending. The said sarath had cheated us for a sum of Rs. 2 crore along with interest and he is a very big cheater and even he cheated in so many places. He will not returned the loan amount in so many places. The said sarath his agent or mediator Hema & Rabin and adviser Mano, he is getting loan fraudulently. He is using the practice to get loan with good manner and once he got the loan he showed his real face. So kindly please do not appreciate and don’t give any loan such kind of people and if you find such kind of people immediately inform to the local police station. He is absolutely cheating person and he is a big fraud. So kindly avoid them if they approach you.

With regards
Ranjith
Manager
SREE manthralaiyam enterprises