Summary:
more-inThe Criminal Investigation Department (CID) has taken over the probe into Bengaluru-based wealth management firm Vikram Investment, which has been accused of duping as many as 260 people to the tune of ?300 crore. Director General and Inspector General of Police Neelamani N.
Raju had issued directions on Wednesday to the city police to hand over the probe to the CID. Though only 260 complaints have been registered, documents seized so far reveal that over 1,400 investors have been duped, said the police. The prime accused Raghavendra Srinath, along with six of his associates, has been arrested by the Banashankari policeVikram Investment, started in 2008, attracted investors by promising high returns..