Wed May 14 06:10:09 UTC 2025: Here’s a summary of the text, followed by a rewritten version formatted as a news article:

**Summary:**

The article reports on the arrest of A. Shravan Kumar Rao, a businessman and managing director of a Telugu TV channel, by the Central Crime Station (CCS) police in Hyderabad. He is accused of a ₹6.58 crore iron ore trade scam, allegedly defrauding Akhand Infratech India Pvt Ltd by posing as an intermediary for Acore Industries Pvt Ltd. Rao allegedly lured the company into transferring large sums of money with the promise of profitable iron ore sales, which never materialized. Rao’s wife and two associates are also suspected of involvement. This arrest comes shortly after Rao’s return to India following interim protection in a separate high-profile phone-tapping scandal, where he is suspected of collecting political intelligence.

**News Article:**

**Hyderabad Businessman Arrested in Multi-Crore Iron Ore Scam**

**HYDERABAD, INDIA – May 14, 2025** – A. Shravan Kumar Rao, a prominent Hyderabad businessman and managing director of a Telugu TV channel, was arrested on Tuesday, May 13th, by the Central Crime Station (CCS) police in connection with a ₹6.58 crore (approximately $820,000 USD) iron ore trading scam.

Rao is accused of defrauding Akhand Infratech India Pvt Ltd, a company based in Banjara Hills, Hyderabad, by posing as an intermediary for Karnataka-based Acore Industries Pvt Ltd. According to a complaint filed by Akarsh Krishna, director of Akhand Infratech, Rao allegedly induced the company to transfer large sums of money for the purchase of iron ore, promising a substantial profit margin.

Between November 2022 and December 2023, Akhand Infratech transferred over ₹6.5 crore to Acore Industries’ Canara Bank account, however, no iron ore was ever supplied. The complaint alleges that all communications and invoices were fabricated and routed through Rao and his accountant. A token repayment of ₹50 lakh was made in September 2024 before Rao and his associates allegedly evaded further contact.

Police suspect that Rao’s wife, Swathy Rao, and two other associates, Uma Maheshwar Reddy and K.B. Vedamurthy, played active roles in the alleged fraud. Rao was arrested at 6 p.m. on Tuesday and has been remanded to judicial custody for 14 days. The case is being investigated by the Economic Offences Wing (EOW) Team-IX of Hyderabad CCS.

This arrest comes just weeks after Rao was questioned in connection with the 2024 phone-tapping scandal. In that case, registered at Panjagutta police station, Rao is accused of being involved in the unauthorised surveillance of political figures. He fled the country in March 2024 but returned after the Supreme Court granted him interim protection from arrest. Investigators are examining his alleged role in collecting political intelligence at the behest of Prabhakar Rao, the main accused in the phone tapping case. Despite his denials, police sources indicate that digital evidence links him to the covert operation.

Rao remains in custody while investigations continue into both cases.

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