7 months ago
1
The One Town constabulary successful Visakhapatnam person remanded 2 individuals — Prem Sagar and Sadarama Shiva — for allegedly cheating a housewife successful the sanction of a high-profit concern strategy and blackmailing her erstwhile she demanded repayment.
Based connected the complaint, a lawsuit was registered nether Section 318(4) BNS and Section 21 (1) (2) (3) of the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019. Investigation is on.
One Town Circle Inspector Pudi Varaprasad said, “Kandregula Ramya Raju, woman of doc K.V. Ram Kumar invested ₹1,97,82,400 betwixt 2021 to 2023 with Prem Sagar aft the accused’s father, a retired railway worker Sadarama Shiva, supported the claims that she would get returns of ₹1,02,86,160. Ms. Ramya Raju handed implicit 75 tolas of gold, which was pawned by the accused Prem Sagar via a golden cause Ananda Rao. When Ms. Ramya Raju demanded her wealth and golden back, Prem Sagar threatened and blackmailed her utilizing idiosyncratic chats connected WhatsApp causing intelligence harrassment.” Investigation is on.
