Warangal police arrest Delhi couple for defrauding man to the tune of Rs 1.17 cr

Warangal: Subedari police along with the Cybercrime wing of Warangal police commissionerate arrested a couple from Sector 32 of Dwarka locality in New Delhi on March 9 on the charges of cheating a man to the tune of Rs 1.17 crore.

The police have brought them to Warangal on transit warrant after producing them before a court in Delhi, said Commissioner of Police Dr Tarun Joshi in a press note here on Friday. The police seized Rs 2.50 lakh worth gold jewelry, cell phones and other items from their possession. The accused, who were identified as Reshmi Ravindran Nair (38) and her husband Biju Madhavan (41), were natives of Ernakulam, Kochi district, Kerala, cheated several people in the name of investments in the share market.

“As the Kerala police registered several cases against them, they shifted to Delhi, and floated a bogus firm called PVR Consultancy Services Pvt, and pooled up money on the pretext of 4 to 8 per cent commission on the investments made through their firm. The accused used to pay commissions for a few months promptly for the investment made by the people in order to make the people trust them. This allows people who trust the company to invest large sums of money online in counterfeit companies through PVR Consultancy,” the CP said and added that the coupled deceived one Bathula Sairam of Srinivas colony in the same manner through a mediator named Gogula Srinivas (accused 1 in the case) of Hanamkonda, to the tune of Rs 1.17 crore.

Following this, victim Sairam had lodged a complaint with the Subedari police on January 6 this year and launched a manhunt for the accused. After knowing about the present residence of the accused, a special team went to Delhi and apprehended them. The accused allegedly cheated several persons to the tune of Rs 1.23 crore in Hyderabad, and also deceived people in Vizag to the tune of Rs five crore.

Meanwhile, Gogula Srinivas (A1) is still at large. CP Joshi has appreciated Additional DCP Vaibhav Gaikwad, Hanamkonda ACP Jithendar Reddy, ACP (cybercrime) Nandiram Naik, Cybercrime Inspector K Janardhan Reddy, Subedari Inspector Raghavender, SIs Punnachander, Niharika and others for nabbing the accused.

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