Archive · 1 Oct 2025
Gang Arrested for ₹4.84 Crore Investment Fraud in Warangal
A group of four people in Warangal were arrested for running a fake investment scheme.
They told people they could make a lot of money by investing, like a high-interest savings account.
They collected ₹11.39 crore from about 28,493 members.
They promised to give members valuable items or ₹1,000 per month for 20 months, but gave them items worth much less than what they were promised.
The group took ₹4.84 crore from investors.
Police caught them after complaints and have frozen their bank accounts to stop them from taking any more money.
A four-member gang was arrested in Warangal for an investment fraud.
The gang promised high profits and collected funds through a chit fund.
The accused lured people with promises of valuable items and monthly payments.
The gang collected ₹11.39 crore in deposits from approximately 28,493 members.
The gang defrauded members of ₹4.84 crore.
- Who
- Teppali Saidulu, Manubothula Ramakrishna, Podila Suresh Kumar, and Podila Sridhar
- What
- Cheated the public by promising high investment returns.
- When
- Arrested Wednesday
- Where
- Warangal
- Why
- To fraudulently obtain money through a chit fund scheme.
- Accused
- Teppali Saidulu, Manubothula Ramakrishna, Podila Suresh Kumar, and Podila Sridhar
- Location of Arrest
- Warangal
- Fraud Amount
- ₹4.84 crore
- Modus Operandi
- Promised high profits on investments and gave low-value items.
- Scheme Name
- Hepsibah
- Total Deposits
- ₹11.39 crore
