Summary:
BENGALURU: Seven weeks after the fraud came to light, the Karnataka government has transferred the Vikram Investments case to the Criminal Investigation Department (CID). "Two big questions need to be answered here: Where did the accused invest the money; and how did they transfer such high returns. Several south division police officers, including deputy commissioner of police SD Sharanappa, briefed the CID on their investigation in the case.Sood told TOI the case is a challenge. All five are in judicial custody at Parappana Agrahara Central Prison.Srinath and his wealth managers succeeded in getting people to invest hundreds of crores of rupees on the promise of high returns. CID director general of police Praveen Sood held a day-long pre-investigation meet..