The organized network of financial fraud, which cheated on more than 3,000 investors across several countries through investment platforms driven AI and Ponzi -style programs, was dismantled by Cyberabad.
It is estimated that the rocket, which operated under the guise of software for the prediction of the stock market and produced trading panels, was loaded between 2022 and 2025 for criminals.
Two key accused, identified as Gaddam Venugopal, Director of AV Solutions and Srinivas Analytical PVT. Ltd., a resident of the manicond and a native of Prakasam, Andhra Pradesh and Shreyas Paul, 55 years, AV Solution, a resident of Kondapur and a native of Ballari, Karnataka, was arrested in Hyderabad on August 19.
The police said that more than 20 consultants, agents, technical developers and website administrators, which were led through a network of false companies, including IIT Capital Technologies, AV Solutions, Srinivas Analytics PVT, said that the network was part of the network. Ltd. and Trade Bulls Technology PVT. Ltd.
Investigators revealed that the accused had created false credibility by screening false registrations of Sebi, NSE and BSE, hosting rich investment seminars and maintaining premium office space. The main objectives were middle -class families, working experts and individuals in retirement, attracted with recruitment based on recommendations and produced dashboards showing non -existent profits. Gang promised 7% monthly yields (84% per year) through fake AI -based predictions.
According to the police, the collected funds were transferred over 21 bank accounts, layered over more canals and washing into real estate, luxury vehicles and gold. The scope of fraud was left by hundreds of families destroyed, deleting retirement and educational funds and many victims got into debt.
So far, the police have confiscated top vehicles, electronic equipment, financial documents, property documents and database 3 164 victims. The defendants also believe that they have destroyed digital evidence and intimidated investors who tried to file complaints.
Cyberbabad police urged the public to remain cautious against a fraudulent investment platform promising unrealistic revenues and advised investors to verify Sebi registration through official portals. The case has been registered and further investigations are underway.
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Published – August 2025 20:57 IS IS
