Five held in investment fraud case

The Karimnagar bi-city police in coordination with the Central Crime Station (CCS) arrested five persons allegedly involved in an alleged investment scam that duped people in the erstwhile undivided district of Karimnagar and elsewhere.

The accused allegedly collected large sums of money by promising returns through monthly investment plans, real estate and fixed deposit schemes and hotel holiday packages, police said.

The arrested were identified as Gudipati Gandhi and M. Kariyappa and U. Sangappa from Hyderabad, Komire Bhuma Goud from Nizamabad and Ramesh from Peddapalli district. They allegedly worked as agents and regional in charge of the racket.

According to the police, the main accused Raj Kumar Kailash Rai of Unique Mercantile India Private Limited was recently arrested by the Adilabad District Police. Further investigations are underway to trace the financial transactions and see if others were involved.

Published – 25 Oct 2026 21:58 IST