Over 140 investors cheated out of ₹30 crore in BlackSwan investment fraud - PRESS AI WORLD
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Over 140 investors cheated out of ₹30 crore in BlackSwan investment fraud

share-iconWednesday, January 08 comment-icon3 weeks ago 7 views
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indiatimesINDIATIMES
Over 140 investors cheated out of ₹30 crore in BlackSwan investment fraud

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.

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Investment scam Financial fraud Black swan Cyberabad Economic offences
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Author:

Tommy Anderson

Crime is a multifaceted aspect of human society. Keywords: wrongdoing, unraveling motives, methods, and consequences.

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