Rahul Dravid files complaint against a Bengaluru Ponzi Firm for fraud

Dravid is yet to receive an amount of 4 crore from the firm.

Rahul Dravid | GETTY

Former India cricketer Rahul Dravid has lodged a complaint against a Bengaluru-based company over a ponzi scheme. According to a report by News 18, Dravid claimed he has not received full payment from the company to match his initial payment.

He had invested Rs 20 crore in the company and Vikram Investments are yet to pay him his pending amount of Rs 4 crore. The complaint has been transferred to Banashankari police, who are investigating the scam estimated to be worth over Rs 500 crore.

Earlier, Bengaluru police arrested the owner Raghavendra Sreenath along with agents Sutram Suresh, Narasimhamurthy, KC Nagaraj and Prahlad for duping over 800 people.

Suresh is a known sports journalist in Bengaluru and is believed to have convinced Dravid, Saina Nehwal and former badminton player Prakash Padukone in investing their money in Ponzi scheme.

“They have been sent to police custody for 14 days. The gang has duped the investors of over Rs 300 crore. We are verifying the documents,” a policeman was quoted as saying in the News18 report.

The company had promised up to 40% returns on investments and many people fell for it, the police claimed.


By Sihyeu Singh - 18 Mar, 2018

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