The wing of economic crimes (EOW) Police in Cyberabad was arrested by Thimmiri Samuel, director of M/S AV Infracon PVT. Ltd., in connection with extensive investment fraud of more than 25 crore.
On Wednesday he was arrested near his house in Banjara Hills. This comes after the CEO of Gogula Lakshmi Vijaya Kumar was taken into custody in June and advanced to judgment.
The police said that both of them allegedly attracted people to invest in their businesses, M/S AV InfraCon PVT. Ltd. and M/S AV Organo Farms PVT. Ltd. through fake promises under the guise of lucrative returns of real estate. At least 150 people were cheated on an estimated amount of 20-25 GBP crore.
The investigation revealed that the duo has aroused a number of deceptive schemes since 2021, which included investment plans, purchase arrangements and offer before launching. These programs have promised high revenues and were supported by counterfeit legal documentation, including sales agreements, memorandums of understanding and sales lists, the aim of which the deposits of the deposits of the belief that their investments were safe.
In one scheme, deposits were promised 50% of investment income of 10 lakh after a year. In another land land, they were registered in the names of investors with a 50% extra purchase. The third scheme included offering apartments with two bedrooms at heights or initial projects at a significantly reduced rate, with a promise handover within two years.
According to the police in Cyberabad, however, the land did not exist or were not properly registered. The accused failed to return the promised funds or deliver real estate. Businesses were floated in several places in Hyderabad and around it, including Morigi in the Sangarereddy district, Komeshethpally in Vicrabad, Pembarthy in Janagon, Kondapur in Ghatkesar and several areas in the Keesar and Medchal-Malkajgiri districts.
Funds collected from the victims were reportedly diverted to other unpublished investments to the accused. The investigation is to monitor the misused money and return to the depositors.
The case was registered according to various parts of Bharatiya Nyaya Sanhita, 2023 and Section 5 of the Act on the Protection of Depositors in Telangana in 1999.
The Cyberabad police urged citizens to remain vigilant and verify the legitimacy of investment offers, especially those concerning preliminary and shopping promises. Officials recommended potential investors to exceed approval and authenticity with the relevant regulators such as GHMC, HMDA, RERA and DTCP before concluding in any financial agreements.
Published – 23 July 2025 21:34
