Controversy Surrounding Suma’s Association with Raki Avenues

Popular anchor Suma has found herself at the center of a major controversy involving a fraudulent real estate company, Raki Avenues. A few years back, Suma was the brand ambassador for Raki Avenues, which promoted the construction of 3BHK properties at an attractive price of Rs 26 lakhs in cities like Vijayawada and Rajahmundry. Unfortunately, many middle-class individuals, enticed by these advertisements, invested their hard-earned money into these properties.

Investors Left High and Dry

Regrettably, Raki Avenues failed to deliver on its promises, leaving investors in a lurch. With no construction underway, the company’s founder, Ramayya, has reportedly gone into hiding after defrauding customers of nearly Rs 10 crore. Distressed investors have sent legal notices to both Suma and Raki Avenues, seeking justice and support from the government.

Suma’s Response on Social Media

In light of the unfolding situation, Suma took to Instagram to clarify her stance. She stated that her association with Raki Avenues was limited to the period between 2016 and 2018, emphasizing that any advertisements featuring her after that timeframe are unauthorized. Suma expressed her commitment to taking legal action against all parties involved in this fraud.

She also urged her followers to verify advertisements and promotions through official channels to prevent misinformation. Suma thanked everyone for their understanding and support during this challenging time.

Conclusion

This incident serves as a cautionary tale for consumers to be vigilant when investing in real estate. It highlights the importance of verifying the credibility of advertisements and the entities behind them. As the situation develops, many are watching closely to see how Suma navigates this controversy and what measures will be taken to ensure justice for the affected investors.