5 months ago
1
The Telangana High Court has paved the mode for the auction of properties attached successful transportation with the ₹516-crore deposit fraud involving the Dhanwantari Foundation International (DFI), bringing anticipation of aboriginal alleviation to astir 4,000 victims, galore of them - elder citizens.
According to a connection issued by the Hyderabad Police Commissioner V.C. Sajjanar, the lawsuit was registered connected December 23, 2023, astatine the Central Crime Station (CCS), Hyderabad, pursuing a ailment by Susrala Narsimha Murthy.
DFI, represented by its manager P. Kamalakar Sharma and others, is accused of luring depositors by invoking the sanction of the Brahmin assemblage and promising precocious returns wrong a fixed period. Investigators allege that the spot collected astir ₹516 crore from astir 4,000 victims earlier defaulting connected repayments.
During the investigation, constabulary identified properties allegedly acquired utilizing the defrauded funds, which see astir 450 acres of onshore crossed Telangana and Andhra Pradesh, arsenic good arsenic commercialized abstraction measuring astir 3,000 quadrate yards located successful the bosom of Hyderabad.
After proceeding the matter, the High Court upheld the actions of the competent authorization and passed orders successful its favour.
