1 week ago
Hyderabad Police Arrest Man Wanted in Three Cheating Cases
Hyderabad police arrested a man who had been missing from investigators since 2021.
Police identified him as Konduru Reddy Venkat Raju, also known as KVP Raju.
They linked him to three alleged cheating cases.
Two cases were in Andhra Pradesh, and one was at Tukaramgate police station.
Police said a group tricked people into investing money in businesses that did not exist.
The group promised to quickly return the money with high profits.
It allegedly showed property papers and gave post-dated cheques to make people feel safe.
Police also said the group threatened victims after failing to repay them.
In one case, the complainant allegedly lost Rs.1.20 crore.
Hyderabad police arrested Konduru Reddy Venkat Raju, alias KVP Raju, 40, after he allegedly absconded since 2021.
The Central Crime Station apprehended him in connection with two Andhra Pradesh cases and one Tukaramgate police station case.
Police said a gang falsely presented one person as a senior police officer to gain victims’ trust.
The gang allegedly solicited investments in nonexistent ventures by promising high returns and offering property documents and post-dated cheques.
In the reported case, the accused allegedly obtained Rs.1.20 crore from a complainant and did not repay it, police said.
- Who
- Hyderabad police arrested Konduru Reddy Venkat Raju, alias KVP Raju, 40, of Rayachoti in Annamayya district.
- What
- He was apprehended over alleged involvement in three cheating cases involving fraudulent investment promises.
- Where
- The cases involve Andhra Pradesh and Tukaramgate police station in Hyderabad, Telangana.
- When
- He had allegedly been absconding since 2021; the article does not specify the arrest date.
- Why
- Police allege that he and others induced victims to invest money in nonexistent ventures and failed to repay it.
Key facts
- Accused
- Konduru Reddy Venkat Raju, alias KVP Raju
- Age
- 40
- Residence
- Rayachoti, Annamayya district, Andhra Pradesh
- Arresting unit
- Central Crime Station of the Hyderabad police commissionerate
- Cases
- Two in Andhra Pradesh and one at Tukaramgate police station
- Alleged amount
- Rs.1.20 crore in the reported case
- Absconding period
- Since 2021
Sources
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