Rahul Dravid files police complaint against ponzi firm

The complainant alleged that the agents assured him guaranteed profits in commodity trading, but did not honour it.

March 18, 2018 05:22 pm | Updated 05:22 pm IST - Bengaluru

 File photo: Rahul Dravid

File photo: Rahul Dravid

Former Indian cricket team captain Rahul Dravid has lodged a complaint against a Bengaluru-based firm for allegedly cheating him of Rs.4 crore, police said.

“Dravid had lodged a complaint with us two days back against Vikram Investment Company for cheating him of Rs.4 crore,” Sadashivanagar police inspector Naveen told PTI .

Though there were reports of many sportspersons and other celebrities being duped by the company, Dravid has been the first to lodge a complaint.

A couple of weeks ago, the police had arrested five persons, including a former sports journalist, for allegedly duping several people of crores of rupees through Vikram Investment Company.

The company’s owner Raghavendra Sreenath and agents Sutram Suresh (a former journalist), Narasimhamurthy, K.C. Nagaraj and Prahlad were arrested, Naveen said.

Dravid, in his complaint, alleged that he had invested Rs.20 crore in the company in 2014 on assurance of getting higher returns, but was yet to get back Rs.4 crore to match his principal investment.

“Dravid has got Rs.16 crore, but he is yet to receive the remaining Rs.4 crore. The cricketer has submitted relevant documents in this regard,” Naveen said.

A case was registered against the company and the five persons on the basis of a complaint lodged by one of the investors P.R. Balaji, who owns an incense sticks company.

The complainant alleged that the agents assured him guaranteed profits in commodity trading, but did not honour it.

Sreenath had set up the company and appointed a few men including Suresh as agents promising them enhanced returns on investments, police said.

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.