Bengaluru: A Bengaluru-based Ponzi firm has duped several high-profile names including cricket legend Rahul Dravid, shuttler Saina Nehwal and former Badminton star Prakash Padukone along with several other politicians and businessman of crores of rupees.
According to information from Bengaluru City Police, a firm by the name of Vikram Investment Company has targeted some of the renowned names from the field of art, cinema, sports, politics and commerce, cheating them with a reported accumulated sum of Rs 300 crores.
The police has arrested company owner Raghavendra Sreenath along with agents Sutram Suresh, Narasimhamurthy, K C Nagaraj and Prahlad, all of which have been sent to a 14-day custody. Suresh, who is a known sports journalist in the city, is reportedly the reason why so many sports personalities invested in the scheme.
He used his contacts in the sports fraternity and got them put their money in Vikram Investment. The sportspersons have reportedly not been returned their money as yet and the amount of investment isn’t yet known.
Raghavendra, the mastermind behind this fraud, is primarily an engineer who had opened the company with the main branch at Yeshwantpur and had appointed a few men as agents promising them good money.