Archive · 3 Jan 2026
Govt attaches Shreya Group properties in fraud case
The government has started taking action against the Shreya Group, a company that is accused of cheating people in Kurnool district.
The company, which operates as Shreya Infra Marketing, collected a lot of money from many people by promising them high returns on their investments.
The government has asked the Criminal Investigation Department (CID) to investigate and attach the properties of the Shreya Group, including lands and properties owned by the company's leaders, Hemanth Kumar Ray and Sangeetha Ray.
The CID has found that the company used the money they collected from people to buy properties in different places.
The government has also asked the police to take further legal action in this case.
The Shreya Group is accused of financial fraud in Kurnool district, collecting Rs 206 crore from 8,128 depositors.
The government has directed the CID to register a case and conduct a detailed probe.
Permission has been granted to attach properties belonging to the Shreya Group, including lands and assets registered in the names of Hemanth Kumar Ray and Sangeetha Ray.
51.55 acres of land located at Parumanchala in Jupadu Bungalow mandal are set to be seized.
The CID has found that properties were purchased using the cheated funds.
- Who
- Shreya Group, Hemanth Kumar Ray, Sangeetha Ray
- What
- Financial fraud and attachment of properties
- When
- Not specified
- Where
- Kurnool district, Andhra Pradesh
- Why
- For allegedly cheating the public and luring investors with high returns
- Company Name
- Shreya Infra Marketing
- Accused Individuals
- Hemanth Kumar Ray, Sangeetha Ray
- Amount Collected
- Rs 206 crore
- Number of Depositors
- 8,128
- Investment Schemes
- PPB, GIP, VIP
- Properties to be Attached
- 51.55 acres of land in Parumanchala
- Action Taken By
- Criminal Investigation Department (CID)