The Vijayawada City Police, investigating into Abhaya Gold swindling case, have appealed to the Government to shift the case to Crime Investigation Department (CID), as the company duped the customers of some crores of rupees in other districts also in Andhra Pradesh.
The Police, who arrested four persons including its Chairman and Managing Director K. Srinivas in the case on Sunday, are enquiring the role of other directors and agents in the case. Few other accused are absconding, said the West Zone police who are investigating the case.
Deputy Commissioner of Police (DCP) M. Ravi Prakash said that the police wrote letters to Registrar of Companies and Inspector General of Stamps and Registrations requesting to furnish the documents and details of the properties registered on Sri Abhaya Gold Group or on the name of any individual related to the company.
“We also wrote to the Superintendents of Police of all districts to take the accused into custody on PT warrants as cases were pending against them in other districts too. As the company duped some thousands of customers in the State, we asked to handover the case to Economic Offences Wing of CID. However the city police are investigating the case in all angles”, said the DCP.
West Zone Assistant Commissioner of Police (ACP) T. Hari Krishna said that the police are enquiring into the role of Vinuthna, who is one of the directors, and the involvement of other company representatives and agents. It is learnt that Abhaya Gold has set up branches in other States and the Special Team police are enquiring into the operations of the company outside Andhra Pradesh.
“Police identified two ventures developed by Sri Abhaya Gold at Gannavaram and Kankipadu in Krishna district.
The company appointed some thousands of agents, who lured the customers by making wide publicity.
We are enquiring on what basis the company collected huge amounts in different projects. After completing the enquiry, police will arrest the remaining accused involved in the fraud”, said the ACP.