Over 140 investors cheated out of ₹30 crore in BlackSwan investment fraud

Crime

1 year ago

News sources:

Credited from: INDIATIMES

Over **140 investors** have been deceived in a **financial scam** involving around **₹30 crore**, allegedly led by two promoters.
The perpetrators, **Vaddepally Laxmikanth** and **Golla Raja Ashlesh**, promised high returns through two companies: **YATI B4 World Class Hospitality** and **B4 Black Swan**.
The scam came to light after **Nalla Santhosh**, an investor, lodged a complaint following a lack of returns since **September 2023**.
Investors, including alumni from **Sri Krupa Institute**, were lured by promises of **3% monthly returns** and were encouraged to make substantial investments.
Authorities have registered a case and are investigating the fraudulent activities under the **Telangana State Protection of Depositors** laws.

For more details, view the original article here.