Anchor Suma Clarifies Her Involvement in Real Estate Controversy
Popular anchor Suma issues clarification amid real estate fraud controversy, denies any association with Raki Avenues since 2018.
Anchor SumaReal Estate ControversyRaki AvenuesFraudsCelebritiesReal EstateAug 07, 2024
The company's advertisements, which featured Suma, convinced several middle-class people to invest their hard-earned savings. However, Raki Avenues cheated the investors and didn't lay even a single brick to date. The company's founder and MD, Ramayya, is currently absconding after cheating his customers to the tune of Rs 10 crore.
The distraught customers sent legal notices to Suma and Raki Avenues and also requested the government to bail them out. In response, Suma took to Instagram and issued a clarification. She stated that she had offered her professional services to Raki Avenues from 2016 to 2018.
'I would like to clarify that these advertisements are now unauthorized, and I do not in any instance represent Raki Avenues after the aforementioned period. I am addressing this issue and taking appropriate legal action against all related parties to resolve it,' the star anchor wrote in her post.
Suma concluded her post by requesting everyone to verify any advertisements, promotions, or videos directly from only official channels to avoid misinformation. She thanked everyone for their support and understanding.
Suma's clarification comes as a relief to her fans, who were worried about her involvement in the controversy. However, the incident serves as a reminder for celebrities to be cautious while endorsing products or services.
In recent years, several celebrities have been accused of endorsing fraudulent products or services. This incident highlights the need for celebrities to do their due diligence before associating themselves with any brand.
The controversy surrounding Raki Avenues is a stark reminder of the importance of verifying the credibility of companies before investing in their products or services. The incident has left several investors in a difficult financial situation, and it is essential for the authorities to take action against the company and its owners.
The incident has also raised questions about the responsibility of celebrities who endorse products or services. While celebrities have the right to endorse products or services, they also have a responsibility to ensure that the products or services they endorse are genuine and not fraudulent.
The controversy surrounding Raki Avenues is a wake-up call for everyone involved. It highlights the need for caution and due diligence while investing in products or services. It also serves as a reminder for celebrities to be responsible while endorsing products or services.
Frequently Asked Questions
What is the controversy surrounding Anchor Suma?
Anchor Suma is caught up in a controversy surrounding a fraudulent real estate company named Raki Avenues, where she served as the brand ambassador from 2016 to 2018.
What did Raki Avenues promise to its investors?
Raki Avenues promised construction of 3BHK properties for Rs 26 lakhs in cities like Vijayawada and Rajahmundry.
What action has Suma taken in response to the controversy?
Suma has issued a clarification on Instagram, stating that she had offered her professional services to Raki Avenues from 2016 to 2018 and is not associated with the company anymore. She is also taking legal action against the company.
What is the current status of Raki Avenues' founder and MD, Ramayya?
Ramayya is currently absconding after cheating his customers to the tune of Rs 10 crore.
What is the lesson learned from this controversy?
The controversy highlights the need for caution and due diligence while investing in products or services and also serves as a reminder for celebrities to be responsible while endorsing products or services.
Related News Articles
India's Office Space Goes Green: 65% of Offices Now Certified
The Indian government's push for net zero emissions by 2070 is driving the adoption of green certified offices in the country, with a significant 65% of office space now holding green certifications.
Pidilite Strengthens Its Hold in the Construction Industry with a?5 Crore Investment in Wify
Pidilite, a leading manufacturer of adhesives and construction chemicals, has invested?5 crore in Wify, a innovative startup in the real estate and home improvement market.
Goa RERA Imposes Rs 5 Lakh Fine, Orders Repairs on Faulty Apartment
The Goa Real Estate Regulatory Authority (RERA) has imposed a penalty of Rs 5 lakh on a real estate firm for failing to meet the terms of a sale agreement. The firm is also required to repair the broken tiles and submit a compliance report within 60 days.
Kalpataru Wins Two Major Redevelopment Projects in Chembur and Goregaon
Kalpataru, a leading real estate developer, has secured two significant redevelopment projects in Chembur and Goregaon, boosting its portfolio and enhancing its presence in Mumbai's real estate market. The projects, located in the bustling residential are
Mumbai Real Estate Shift: Majority of 2024 Registered Properties Under 650 Sq Ft
In 2024, a significant portion of the properties registered in Mumbai were smaller than 650 sq ft, with a notable 60% comprising 1 BHK and 2 BHK apartments, according to the Maharashtra Real Estate Regulatory Authority (MahaRERA).
Amit Shah in Pune: Western India to Drive India's Growth with 120% Effort in Key Sectors
Amit Shah in Pune: Western India to Drive India's Growth with 120% Effort in Key Sectors. Real Estate plays a significant role in this ambitious plan.