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Are Dravid, Prakash Padukone, Saina among 800 people duped in Bengaluru Ponzi Scheme?

By: Swetha Reddy
Date: 14 Mar, 2018
Image Courtesy: GoBadminton File

Former Indian cricketer Rahul Dravid, former badminton player Prakash Padukone, and current badminton player Saina Nehwal have been confirmed duped among 800 people in Bangalore Ponzi Scheme.

City based Vikram Investment Company cheated people which include eminent names from the field of art, cinema, sports, politics and commerce, as confirmed by the police.

According to the reports, the police have arrested company owner Raghavendra Sreenath along with agents Sutram Suresh, Narasimhamurthy, K C Nagaraj and Prahlad.  

Suresh, a renowned sports journalist in Bangalore, had convinced many prominent sport personalities to invent money in the ponzi scheme.

The police officer said, “We have taken them into the police custody for 14 days. They have duped the investors of over 300 crores. Documents are under verification.”

The police have claimed that the accused persons have revealed the names of the investors, and that officers are scrutinizing their respective bank accounts.

The company had promised the investors upto 40% returns, which many people trusted.  

Meanwhile, Dravid and Saina could not be contacted and Padukone declined to comment.

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