The Company and its Directors collected huge amounts of money from the public in Andhra Pradesh in the guise of Real Estate and cheated them for an amount of Rs. 19 crores.
Total Depositors : 45,000
Amount collected by the Company : Rs. 19 Cr.
The following 03 cases have been registered against them and all are being investigated by the CID, Andhra Pradesh.
The following persons were arrested and remanded to judicial custody.
E. Ravi Kumar Gowd
Properties (immovable and movable) have been attached vide orders:
G.O.Ms.No.65, Home (Genl.A2) Department, dt. 26-05-2015.
G.O.Ms.No.81, Home (Genl.A2) Department, dt. 16-06-2015. Amendment Order issued in G.O.Ms. No. 166, dt. 02-12-2015
Petitions have been filed in Special Court, Kurnool for making the above GOs absolute.