Cyberabad EOW Arrests Main Accused in Multi-Crore Investment Fraud

Madhu, along with Bandi Shivakumar and Ramavath Sakru, lured investors with an offer that those who paid Rs 5 lakh or more would receive a 102-square-yard plot, where they claimed ownership of 16 acres in Damaragidda village in Sangareddy district and also insurance cover worth Rs 5 lakh and monthly payouts of Rs 25,000 for 42 months. They also opened an office in Miyapur to promote the scheme.

One victim, Katrika Santosh from Patancheru, invested Rs 5 lakh in September 2025, and along with him, a total of 33 investors shelled out Rs 6.58 crore in the scheme. However, the accused neither registered plots nor paid the promised returns. When questioned, they allegedly issued threats and hired bouncers near the office to threaten them. When they failed to return their money, the victims approached the police and filed a case.

Ramavath Madhu was earlier arrested in October last year by the Nalgonda Police along with three others for duping people in the name of high interest. He collected crores from people in Devarakonda constituency by promising high profits through investments through a firm named Gokulananda Infra India Private Limited. The case was later transferred to the Crime Investigation Department.

Interestingly, Ramavath Madhu is also named as one of the accused in a separate Rs 10 crore fraud case where popular singer Mangli was allegedly involved, along with a few others. The case was filed by a lawyer named Singapogu Subba Rao, who stated that she was also involved in the case. The Punjagutta police registered a case under different Sections of BNS against Mangli and three others, and are investigating the matter. Meanwhile, Mangli also filed a complaint at the Narsingi police station against the lawyer, alleging that she was harassed by him and that he also demanded money from her to not include her name in the complaint.

Ramavath Madhu (22), who hailed from Vaddipatla village in Pedda Adiserla Palle (P.A. Palle) Mandal of Nalgonda district, was a college dropout and got involved in financial fraud at a very early age. Madhu, who was on the run from the police, had released a series of videos earlier on social media stating that singer Mangli had no connection with the case and the roles of two other people, including a woman in the fraud case. Tracking his whereabouts, the Miyapur arrested him and took him into custody.