Hyderabad: Banjara Hills police registered a criminal case against a local businessman, on Friday, for allegedly duping an investor of Rs 58 lakh in the name of a food business enterprise.According to the complaint filed by Kamuni Akshay Nag of Khairatabad, the accused, Kanthi Dutt Thonangi, convinced Nag to purchase a 10% stake in Winners Eleven Foods between Jan and March 2024. Akshay further stated that one of the company’s outlets in Banjara Hills was facing closure due to financial difficulties.He alleged that Dutt had planned to shut down the Banjara Hills branch in Dec 2023, yet continued to accept investments.“Dutt provided fabricated bills and accounts when questioned about the business operations,” Akshay alleged.Following the complaint, the Banjara Hills police registered a case against Dutt under sections 318(4) (cheating and dishonestly inducing delivery of property), 336(3) (forgery for cheating) and 316(2) (criminal breach of trust) of the BNS.Prior to this, Dutt was charged with cheating by the Hyderabad Central Crime Station (CCS) police in Feb 2025. Before that, he was arrested by the Jubilee Hills police in a similar case last year for allegedly defrauding investors.“We are in the process of collecting evidence,” said Banjara Hills Sub-Inspector K Ramesh.