Archive · 23 Jul 2026
Investment Fraud Racket Busted in Kadapa
Police in Kadapa have arrested the main person involved in a fraud case where people were tricked into investing money with promises of high returns.
The accused convinced investors like Kamatam Sujatha and Sunitha to put in large amounts of money by showing fake proofs of their credibility.
Initially, they gave small returns to gain trust but later disappeared with the rest of the money.
The police are still investigating the case.
Police busted an investment fraud racket in Kadapa.
Accused promised 10 to 20% monthly returns through stock market trading.
Kamatam Sujatha invested ₹25 lakh and was cheated of ₹15 lakh.
Sunitha was cheated of ₹40 lakh.
Prime accused Kicha Veerabhadra Rao was arrested.
- Who
- Kamatam Sujatha, Sunitha, Kicha Veerabhadra Rao, Rajyalakshmi, John Wesley, Venkata Durga Prasad
- What
- Investment fraud racket busted
- When
- Not specified
- Where
- Kadapa
- Why
- To cheat investors by promising high returns through stock market trading
Investors
VR Trading Services
Investment Returns
Investors
Investors were promised 10 to 20% monthly returns but did not receive them.
VR Trading Services
VR Trading Services allegedly promised high returns but failed to deliver.
- Location
- Kadapa
- Accused
- Kicha Veerabhadra Rao, Rajyalakshmi, John Wesley, Venkata Durga Prasad
- Investment Amount
- ₹25 lakh by Kamatam Sujatha, ₹40 lakh by Sunitha
- Arrested
- Kicha Veerabhadra Rao
- Investigation Status
- Underway