Vikramgate: Victims throng police station

BENGALURU: The victims of Vikram Investment Company scam continued to throng Banashankari police station on Tuesday. Some 100 complaints were made at the station on Tuesday. More than 800 people had reportedly invested with the company and have been duped. It is suspected to be a `800 crore scam and it is likely to be probed by the CID.

Two days after the incident came to light, people began to queue up before Banashankari police station. “A large number of people are coming to the station from across the city and to ease the procedure we are directing the victims to file a complaint in their locality it self,” said a senior police official.

The five accused including the former sports journalist, Sutram Suresh  and the main accused, Raghvendra Srinath had opened the Vikram Investment Company at Basavanadugi and Yeshwantpur about seven years ago. The incident came to light after PR Balaji, a businessman who owns the Balaji Agarbathi Company, filed a complaint with the Banashankari police against the company for cheating him of Rs. 11 crore.

A senior official said that sports persons included the former Indian cricketer Rahul Dravid, badminton player Saina Nehwal and former All England champion Prakash Padukone. They are suspected to have been duped by the company but but none of them have confirmed this and no one has filed a complaint yet.

Sutram Suresh who is a former sports journalist allegedly roped in several well-known sportspersons and convinced them to invest in their schemes.

The police said that most of the accused were LIC agents and they had good contacts with the rich who had previously taken the LIC policies.

The police have formed three special teams and are investigating the case.
The police said that the accused Raghvendra was living in a rented house and suspect that he had invested in foreign shares and properties during his frequent visits to Malasiya. 

The police have freezed his 12 bank accounts which belonged to Raghevendra and was found only Rs. 5,000 in all the accounts. It is suspected that it was a pre planned scam, he added.

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