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‘Rahul Dravid, Saina Nehwal amongst celebs cheated by Bengaluru agency’ | India Information

BENGALURU: Former India cricketer and U-19 workforce coach Rahul Dravid and badminton Olympian Saina Nehwal have been among the many celebrities who had parked their funds in a Bengaluru funding agency accused of dishonest at the least 1,776 buyers of tons of of crores of rupees, police stated on Tuesday.

Police sources stated Dravid and his members of the family had invested Rs 35 crore with Vikram Investments and managed to get again about Rs 20 crore. Dravid himself accounted for investments price Rs 20 crore over the previous six years and received Rs 12 crore again, they added. Nehwal reportedly invested round Rs 1.5 crore and received again Rs 75 lakh. Former Karnataka cricketer Avinash Vaidya additionally figures among the many record of people that parked their cash with the agency.


Badminton participant Saina Nehwal.

Dravid is but reply to our queries. The TOI was unable to succeed in Nehwal, who’s away within the UK for the All England Championships beginning on Wednesday. Her household didn’t reply to queries on her reported funding.

Jayanagar ACP Srinivas H, who’s heading the three groups fashioned to unravel the size of the fraud by Vikram Investments, stated the buyers included Dravid’s spouse Vijeta, brother Vijay and Vijay’s spouse Bhavana Rao.

On Monday, police had re-gistered 66 complaints towards the Banashankari-based Vikram Investments. By Tuesday, that quantity went as much as 160 as individuals landed up at police stations throughout the town to complain they’d been chea- ted of giant sums of cash.

The celebrities have been promised 23-35% returns a 12 months. “Not considered one of these high-profile buyers has but complained to us about dishonest,” a police officer stated. “We learnt about these movie star investments throughout our interrogation of the principle accused, Raghavendra Srinath, founding father of the agency, and Sutram Suresh, considered one of his wealth managers,” an officer stated.

Yasir Ali
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