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False complaint backfires as ‘gold man’ booked for cheating goldsmith of Rs 32 lakh | Hyderabad News

News RoomBy News RoomJune 26, 2026Updated:June 26, 20264 Mins Read
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In the bustling streets of Hyderabad, the lines between business opportunities and elaborate scams often blur, but few cases have been as jarring as the recent scandal involving the city’s self-styled “Gold Man,” P. Suresh Kumar, widely known as Surya Bhai. Renowned for his exaggerated persona and ostentatious displays of wealth, Surya Bhai recently found himself at the center of a complex legal tug-of-war. The situation surfaced when he approached the Attapur police station, claiming that a group of men had invaded his home, intimidated him, and forced him to surrender jewelry and sign documents under duress. To the casual observer, it appeared to be a straightforward case of criminal trespassing and extortion, but the surface-level narrative was merely a desperate smokescreen.

The facade began to crumble almost immediately when the police launched their investigation. As officers dug deeper into the identities and history of the alleged “intruders,” they discovered that one of the men was Krishna Chary, a small-scale goldsmith from the ECIL area. Contrary to Surya Bhai’s claims of being a victim of a home invasion, the evidence suggested that Chary and his associate were actually reeling from a significant financial betrayal. It turned out that the “Gold Man” was not the victim of a robbery, but rather the mastermind of a calculated financial fraud, and he had attempted to weaponize the police department to silence a man he had already swindled.

The root of this tangled web stretches back to an unassuming café meeting in Narayanguda this past January. It was there that Krishna Chary, hoping to grow his jewelry manufacturing business, met the charismatic and seemingly well-connected Surya Bhai. The pitch was classic bait: Surya Bhai promised to supply 1.5 kilograms of high-quality gold at a rate significantly lower than the standard market price. It was an irresistible offer for a hardworking jeweler, and when Chary admitted he couldn’t manage the full one-crore-rupee price tag immediately, Surya Bhai played the role of the mentor, suggesting a business model where Chary could pay an advance, flip the gold for a profit, and settle the remainder later.

Trusting in this arrangement, Chary handed over a substantial sum of 32 lakh rupees as an advance payment. In the specialized world of jewelry manufacturing, such a sum represents significant capital and hard work. However, the anticipated delivery of gold never materialized. As the weeks turned into months, excuses replaced deliveries, and the “Gold Man” eventually stopped answering calls and avoiding meetings. Sensing his livelihood was slipping away, Chary and his associates eventually sought out Surya Bhai to confront him, leading to the incident that the latter would later spin into a false report of trespassing and extortion to frame those he had robbed.

The legal repercussions have been swift and decisive, forcing Surya Bhai to confront a reality he clearly hadn’t anticipated. After the police uncovered the deception, they registered a case against him for cheating and criminal breach of trust under the Bharatiya Nyaya Sanhita. The Attapur police, feeling misled, are now preparing to file a closure report for the original complaint—a report that will explicitly state that the initial allegations of a home invasion were entirely fabricated. Furthermore, authorities are waiting for court approval to initiate additional charges against Surya Bhai for willfully misleading a law enforcement agency, a move that could lead to even more severe legal consequences.

This ordeal serves as a sobering reminder of the dangers lurking behind “get-rich-quick” schemes, even in established industries like precious metals. While the investigation remains ongoing and no arrests have yet been made, the case against Surya Bhai is built on a mountain of inconsistencies that leave little room for a clean escape. For Krishna Chary and other hopeful business owners, the lesson is painful but essential: when an offer seems too good to be true, especially under the guise of an influencer’s celebrity, the “Gold Man” behind the curtain is often just a shadow. The legal system is now tasked with separating the influencer’s narrative from the actual crime, ensuring that justice reaches those truly cheated rather than the one who plays the victim.

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