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Rahul Dravid files police complaint after being duped of crores by firm

Many celebrities have been duped by the Ponzi firm, and Dravid is the first one to lodge a complaint with the police

T2 Online Newsdesk 19 March 2018, 8:25 PM
Dravid recently took Team India to victory in the U-19 World Cup

Dravid recently took Team India to victory in the U-19 World Cup Image: Twitter

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 ago against Vikram Investment Company for cheating him of Rs 4 crore," Sadashivanagar police inspector Naveen told PTI.

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

A couple of weeks ago, police had arrested five people, 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 have been 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, PR 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.

(With inputs from PTI)

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