📷 Image: Wikimedia Commons / Arjunaraoc
Crime
Key suspect in ₹3.4‑crore investment scam arrested in Andhra Pradesh
✍️ The Hindu
🗓 11 Oct 2026, 08:47 PM
👁 13
Police in Andhra Pradesh have taken into custody a principal accused in a ₹3.4‑crore investment fraud, officials said.
Police in Andhra Pradesh announced the arrest of a key figure alleged to have orchestrated an investment fraud involving approximately ₹3.4 crore. The suspect was apprehended during a routine operation by local law enforcement agencies, according to official statements.
Investigators say the scheme targeted investors by promising high returns on purported business ventures, ultimately siphoning off the collected funds. The total amount involved, as reported, stands at around ₹3.4 crore.
The Andhra Pradesh police have lodged a formal charge sheet and indicated that further interrogation will focus on uncovering additional participants and the full extent of the financial loss. The case is being pursued under sections of the Indian Penal Code related to cheating and criminal breach of trust.
Authorities have urged the public to exercise caution when approached with investment opportunities that appear unusually lucrative, emphasizing the need for due diligence and verification of credentials.
Investigators say the scheme targeted investors by promising high returns on purported business ventures, ultimately siphoning off the collected funds. The total amount involved, as reported, stands at around ₹3.4 crore.
The Andhra Pradesh police have lodged a formal charge sheet and indicated that further interrogation will focus on uncovering additional participants and the full extent of the financial loss. The case is being pursued under sections of the Indian Penal Code related to cheating and criminal breach of trust.
Authorities have urged the public to exercise caution when approached with investment opportunities that appear unusually lucrative, emphasizing the need for due diligence and verification of credentials.