Archive · 17 Dec 2025
Hyderabad Police Books Trust in Rs 516-Crore Scam
The police in Hyderabad have accused a trust called Dhanwantari Foundation International Trust (DFIT) of cheating over 4,000 people, including many senior citizens.
The trust promised high returns on deposits but allegedly took Rs 516 crore from victims.
The police found that the trust bought a lot of land and buildings.
The court has ordered these properties to be sold so the money can be returned to the victims.
The trust tried to challenge the court's decision, but the High Court supported the police and the victims.
Dhanwantari Foundation International Trust (DFIT) accused of cheating over 4,000 victims, including many senior citizens.
Allegedly collected Rs 516 crore by promising high returns on deposits within a fixed period.
Police identified properties worth 450 acres of land and 3,000 square yards of commercial space in Telangana and Andhra Pradesh.
Court ordered the attachment and auction of these properties to recover the money for the victims.
High Court upheld the attachments and appointed a committee to oversee the auction and disbursement of recovered amounts.
- Who
- Dhanwantari Foundation International Trust (DFIT) and its director Dr P Kamalakar Sharma
- What
- Alleged fraud involving Rs 516 crore collected from over 4,000 victims
- When
- Case registered on December 23, 2023
- Where
- Hyderabad, Telangana
- Why
- To lure victims, especially from the Brahmin community, with promises of high returns on deposits
- Amount Scammed
- Rs 516 crore
- Number of Victims
- More than 4,000
- Accused Organization
- Dhanwantari Foundation International Trust (DFIT)
- Key Accused
- Dr P Kamalakar Sharma (Director)
- Properties Identified
- 450 acres of land and 3,000 sq yards of commercial space
- Legal Action
- Case registered under IPC Sections 406, 420, and TSPDFE Act
- Court's Decision
- High Court upheld property attachments and ordered auction