The suspects are accused of defrauding 3,600 people of Rs 300 crore. Those arrested include Kalidindi Pavan Kumar, Managing Director of 12 Wealth Capital Services Pvt. Ltd., and his associates: Ravula Sathyanarayana, Boddulu Harikrishna, Valluru Bhasker Reddy, Pagadala Ravi Kumar Reddy, Kollati Jyothi, Kuralla Mounika, and Kurkula Lavanya.
