Rahul Dravid duped by Bengaluru ponzi firm, files complaint

19 March 2018, 01:07 PM
Rahul Dravid accuses Vikram Investments over fraud (Image Source: PTI)
Rahul Dravid accuses Vikram Investments over fraud (Image Source: PTI)

Rahul Dravid has filed an official complaint against Vikram Investments, a Bengaluru based management fund for deceiving him for an amount of Rs. 6 crore.

The former Indian cricketer, who filed the complaint in Sadashiva Nagar police station stated that he had invested Rs.20 crore in the company and was given the commitment of higher returns.

Dravid also claimed that he did not even get the full basic amount returned, let alone higher profits. Vikram Investments has also been accused of hoaxing around 800 investors for over Rs.300 crore.

Managing director of the company Raghavendra Srinath and five other people have been arrested in link-up with the alleged case. Several people are coming out to lodge their complaints after the arrests and police have said that they have received around 100 complaints already.

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There are reports of investment by other high-profile celebrities like Badminton star Saina Nehwal and Prakash Padukone. But, Dravid is the first one to come up and file a complaint.

Sutram Suresh, who is a former sports journalist has also been arrested. It is being reported that Sutram Singh was the one behind attracting sportspersons.

First Published: Sunday, March 18, 2018 05:19 PM
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