Cyberabad Police Uncover ₹850 Crore Investment Scam, Two Arrested

IO_AdminAfrica15 hours ago7 Views

Speedy Summary:

  • Cyberabad police dismantled a financial fraud network that duped over 3,000 investors across multiple states using AI-based investment platforms and ponzi-style schemes.
  • The estimated fraud amount is ₹850.59 crore, spanning 2022-2025.
  • Two key accused, Gaddam venugopal and Shreyas Paul, were arrested in Hyderabad on August 19. Over 20 other personnel were involved in the operation through fake companies such as IIT Capital Technologies, A.V.Solutions, Srinivas Analytics Pvt. Ltd.,and Trade Bulls Technology Pvt. Ltd.
  • The accused manipulated victims by fabricating SEBI/NSE/BSE credentials, hosting seminars, and displaying fake profits on dashboards with promises of 7% monthly returns (84% annual).
  • Funds were laundered via 21 bank accounts into real estate, luxury vehicles, and gold; many victims lost life savings too the scheme.
  • Authorities seized property papers, databases of victim details (3,164 people), electronic devices while the suspects destroyed some evidence and intimidated complainants.
  • Police advised public caution against unrealistic investment returns and checking SEBI registrations officially.

Indian Opinion Analysis:

The scale of this fraudulent operation highlights vulnerabilities in investor education around India’s financial systems as well as inadequate regulatory oversight regarding claims made by artificial intelligence-driven investment platforms. While it is encouraging to see police action curbing such networks effectively in cyberabad’s jurisdiction after years of operations stealing ₹850 crore from unsuspecting investors-mostly middle-class individuals-the socioeconomic impact requires urgent systemic safeguards.

Victims losing retirement or educational savings underscores the trauma inflicted at individual levels beyond aggregated financial theft figures-making responsible awareness imperative especially w/ widespread scammers thrive joining fintech areas advocacy layers startup-industry regulatory partnerships-checklist businesses may emerge vital reform-industry holistic actionable steps India’s aspirational safe investing climate future-proof critical vigilance possible deterrent gaps repeat mishaps cycles frequency tackling/shedding risks aligned/neutral focus boundary respectful organizational

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