Rahul Dravid Duped by Bengaluru Firm, Files a Police Complaint

Published - 18 Mar 2018, 05:31 PM | Updated - 22 Aug 2024, 11:50 PM

Rahul Dravid
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Former India captain, Rahul Dravid has filed a police complaint against a Bengaluru-based company over a Ponzi scheme.

He also claimed he had not received full payment from the company to match his initial amount.

As per reports in News18, Dravid in his complaint admitted he invested Rs 20 crore in Vikram Investments hoping for higher returns.

However, so far he has only received Rs 16 crores. Dravid made this claim in his complaint to the Indiranagar Police in Bengaluru.

The complaint now has been transferred to Banashankari Police. They are investigating the scam worth Rs. 500 crore and more.

Rahul Dravid, India U19 Coach, Prithvi Shaw, Shubman Gill, ICC U19 World Cup trophy, New Zealand
Photo Credit: ESPNcricinfo.

Meanwhile, the local police had earlier arrested the owner of the company named Raghvendra Sreenath.

Sreenath, along with agents Sutram Suresh, Narsimhamurthy, KC Nagaraj and Prahlad, have allegedly duped more than 800 people.

The report also added the Suresh is a sports journalist in Bengaluru, who have convinced Dravid, Saina Nehwal, and Prakash Padukone to invest money in this Ponzi scheme.

“They have been sent to police custody for 14 days. The gang has duped the investors of over Rs 300 crore. We are verifying the documents,” police said to News18.

The company has promised a return of 40 percent, the police added.

He also said the accused had revealed names of the investors. Currently, the police are checking the bank account of the investors.

Further, here is the newsfeed:

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