Rahul Dravid files police complaint against Bengaluru firm over Ponzi scheme

Former India captain Rahul Dravid has filed a police complaint against a Bengaluru-based company over a Ponzi scheme. He has claimed in his complaint that he has not received full payment from the company to match his initial payment.

According to News18, Dravid had invested Rs 20 crore in Vikram Investments hoping for higher returns. 

The current India junior coach said in his complaint that he has received only Rs 16 crore so far. The report said that Dravid has filed the complaint to the Indiranagar Police in Bengaluru.

The complaint will be transferred to the Banashankari Police, who are said to be investigating the scam. 

According to earlier reports, a Bengaluru based insurance firm has duped many people in a Ponzi scheme. Police had already arrested the owner of the company Raghvendra Sreenath along with agents Sutram Suresh, Narsimhamurthy, KC Nagaraj and Prahlad. 

Suresh is a well-known sports journalist in Bengaluru and is believed to have convinced Dravid, Saina Nehwal and former badminton player Prakash Padukone in investing their money in the scheme.

“They have been sent to police custody for 14 days. The gang has duped the investors of over Rs 300 crore. We are verifying the documents,” a policeman was quoted as saying in the News18 report.

The company had promised 40 per cent returns on investment, the police said, adding that the accused have revealed names of the investors whose bank accounts are being checked.