Hyderabad: EOW Books Man For ₹3.56 Crore Investment Fraud

According to the complainant, the accused developed close relationships with investors over several years while working with them in private companies in Hyderabad.

Exploiting the trust built through professional association and friendship, he projected himself as an expert in investments and financial markets and claimed to be operating a highly profitable model that assured regular returns.

One victim was persuaded to raise funds through loans from multiple banks and financial institutions.

On assurances that the accused would service monthly EMIs and provide profits amounting to five per cent of the invested capital every month, substantial sums were transferred to his personal account as well as accounts linked to Manikanta Financial Services and Ishvara Online Services. The complainant alone allegedly invested ₹1.92 crore.

The complainant further stated that another investor was also induced to obtain loans from six financial institutions, with funds subsequently routed to the same entities.

The total alleged loss suffered by the complainant and another investor has been estimated at approximately ₹3.56 crore.

The accused initially paid EMIs for a few months, creating confidence among investors, but later stopped making payments.

The complainants alleged that he eventually became untraceable and failed to respond to communications.

Man dies by suicide at Secunderabad station

An unidentified man ended his life by suicide at the Secunderabad Railway Station in the early hours of Wednesday.

According to the deputy station superintendent, a case was registered at 2.10 am after railway police found the body of a man aged around 30–35 years lying on the up line tracks near 193/40. No identity documents were recovered.

Police said the deceased was about 5.3-foot-tall, dark complexioned, with a mole on his right hand.

The body was shifted to Gandhi Hospital mortuary. Secunderabad Railway police inspector can be contacted 8712658581, according to a press release issued by GRP Secunderabad.

Woman held for ₹2 crore school admission fraud

A woman homemaker who duped several families of nearly ₹2 crore on the pretext of securing admissions for their children in corporate schools has been arrested by Central Crime Station (CCS) sleuths.

The accused, K. Srilakshmi, a native of Guntur district, had been living in a rented house in Nandinagar, Banjara Hills Road No. 14, along with her husband Satya Prasad. Police said she cultivated ties with affluent families in the locality, gained their confidence and collected lakhs of rupees by promising seats in reputed schools and colleges.

Srilakshmi also cheated her house owner, vacating the premises overnight a year ago before taking shelter in Andhra Pradesh, where she was arrested and brought back to the city. She confessed to collecting large sums from victims and promising repayment before absconding, police said.

Banjara Hills police had received a complaint from one of the victims, Ranganath, and others about 12 months ago. Given the high value of the fraud, the case was transferred to CCS in March last year.

Police said Srilakshmi initially agreed to repay the money within a month but later fled. She has now been arrested, produced before court and remanded to 14 days’ judicial custody. The case is under investigation.

Burglars strike Mansoorabad house

DC CORRESPONDENT

HYDERABAD, JUNE 17

A house in Himapuri Colony, Mansoorabad, was burgled while its owner was away in the United States, with unidentified persons making away with gold ornaments, silver puja articles and cash.

According to LB Nagar police, the complaint was lodged by a software employee after learning about the theft at his uncle’s residence. The house owner, a retired employee, had locked the house and travelled to Chicago on May 2.

The incident came to light on Wednesday morning when the domestic helper informed the complainant that the main door lock was broken. On reaching the house, he found the main door, bedroom doors and almirah locks forcibly broken, with household articles and clothes scattered across the rooms.

During preliminary inquiries, the domestic helper stated that unknown persons allegedly locked her room from outside between 1 am and 2 am on the intervening night of June 16 and 17. She reportedly heard footsteps but remained inside out of fear. In the morning, she contacted her sister, who came and opened the door.

Police said about four tolas of gold ornaments, 20 tolas of silver puja articles and ₹5,000 in cash were missing. A case has been registered and investigation is underway to identify the offenders and recover the stolen property.

5 imposters arrested for kidnap and extortion of businessman

Amberpet police arrested five imposters who posed as task force officers and reportedly kidnapped and extorted money from a businessman.

Accused have been identified as S. Vamshi, M. Santosh, C. Srikanth, B. Deva and E. Raghuveer, while their two associates are at large, police said.

Amberpet police reportedly seized over `25,000 cash and a bike. Police investigation was initiated after a businessman Hari Babu lodged a complaint a few days back. We are checking the criminal history of the accused, a police officer said.

Nepal native drowns while bathing in Gandipet Cheruvu

A 28-year-old man from Nepal drowned while bathing in Gandipet Cheruvu in Moinabad police station limits on Tuesday. The victim, identified as Om Bahadur, had migrated to Hyderabad several years ago. On Tuesday, while bathing in Gandipet Cheruvu along with his brother, he moved into a deeper area of the water body and failed to return to the shore.

His brother informed the police after failing to find him with the help of locals around. Police and rescue personnel found the victim’s body after a search operation. The body was handed over to family members after completion of legal formalities. Moinabad police registered a case and initiated an investigation into the incident.