5 hrs ago
Three Arrested in Karimnagar Investment Fraud Case Investigation
Police in Karimnagar arrested three people over an alleged investment scam.
The men are accused of collecting money from investors through a company called Shreya Infra and Marketing Private Limited.
They reportedly promised people double or triple returns.
Police said the business used money from new investors to pay earlier investors.
This kind of system is called a network chain system.
People from Karimnagar, Telangana, Andhra Pradesh and other states allegedly invested through agents.
The accused reportedly made payments for some time.
Police said those payments stopped in 2024.
The three men were arrested in Lucknow and taken to Karimnagar for the investigation.
Karimnagar police arrested Hemanth Kumar Rai, Rajesh Kumar and Brijesh Kumar in an alleged investment fraud case.
The three were arrested at their residences in Lucknow, Uttar Pradesh, on September 18.
Police said the accused collected investments through Shreya Infra and Marketing Private Limited, established in Lucknow in 2020.
Investigators alleged that investors were promised double or triple returns through various schemes and a network chain system.
Payments reportedly stopped in 2024, after which a complaint led Karimnagar Town-I police to register a case.
- Who
- Karimnagar commissionerate police arrested Hemanth Kumar Rai, Rajesh Kumar and Brijesh Kumar.
- What
- The three were arrested in an alleged investment fraud involving promises of high returns.
- Where
- The arrests took place in Lucknow, Uttar Pradesh, and the accused were brought to Karimnagar, Telangana.
- When
- They were arrested on September 18; police disclosed the arrests on Tuesday. The year was not stated.
- Why
- Police allege that the accused collected public investments, promised double or triple returns, and stopped payments in 2024.
Key facts
- Accused
- Hemanth Kumar Rai, Rajesh Kumar and Brijesh Kumar
- Arrest location
- Their residences in Lucknow, Uttar Pradesh
- Arrest date
- September 18
- Company named
- Shreya Infra and Marketing Private Limited
- Company established
- Lucknow in 2020
- Alleged scheme
- Investors were promised double or triple returns
- Payment issue
- Police said payments stopped in 2024
- Case origin
- A complaint by Guguloth Shivaraju led Karimnagar Town-I police to register a case
Sources
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