BRIEF NOTE ON SIMS CASE


SIMS (Secured Investment Making Services (India) Private Limited):

Sri Kanamarlapudi Surendra Babu @ K. Surendra Gupta S/o K. Venkateswarlu of Visakhapatnam along with 11 others started 3 different units under the caption of “Secured Investment making Services (India) Private Limited” (SIMS) viz. SIMS Services, SIMS Projects and SIMs Insurance.  All the three firms were registered with Registrar of Firms, Visakhapatnam.  

The company introduced several packages under SIMS Projects and collected money to a tune of Rs. 340 Crores from 48,439 depositors through their 19 branches in the guise of real estate business. 

Total Depositors                                           :         48,439

Amount collected by the Company         :         Rs. 340 Cr.

The following 11 cases have been registered against them and all are being investigated by the CID, Andhra Pradesh.

  1. Cr. No. 29/2013, U/Sec. 420406 r/w 34 IPC, Sec. 3 & 5 of APPDFE Act, 1999 of Atchutapuram PS, Visakhapatnam ® District.
  2. Cr. No. 38/2013, U/Sec.  of Rajahmundry-II Town PS, Rajahmundry District.
  3. Cr. No. 63/2014, U/Sec. 420, 406 r/w 34 IPC and Sec. 5 of APPDFE Act 1999 & Sec.4,5,6 r/w 2©, 3 of PCMCS(B) Act 1978 & 156(3) Cr.PC of Tallapudi PS, West Godavari District.
  4. Cr. No. 36/2013, U/Sec. 406,420 r/w 120(B) IPC, sec. 5 of APPDFE Act,1999 Sec.4,5,6,r/w 2©, 3 of PCMCS(B)Act, 1978 of Narsipatnam-Town PS, Visakhapatnam ® District."
  5. Cr. No. 9/2013, U/Sec. U/s 420, 406 IPC and Sec. 3 & 5 of APPDFE Act 1999, Sec.4,5 & 6 r/w 2  © of the PC & MCS (banning) Ac 1978. of Yelamanchili PS, Visakhapatnam ® District.
  6. Cr. No. 25/2013, U/Sec. 420, 406 IPC Sec.3 & 5 of APPDFE Act, 1999 of Chodavaram PS, Visakhapatnam ® District.
  7. Cr. No. 25/2013, U/Sec. 420, 406 IPC Sec.3 & 5 of APPDFE Act, 1999 of Payakaraopet PS, VSP City District.
  8. Cr. No. 124/2011, U/Sec. 420, 406 r/w 120-B IPC, Sec. 5 of APPDFEA, 1999 Sec 4, 5, 6 r/w 2(c ), 3 of PCMCS(B)Act, 1978. of  VSP-IV Town PS, VSP City District.
  9. Cr. No. 63/2013, U/Sec. U/s 420, 406 r/w 120-B IPC and Sec. 5 of APPDFEA, 1999 Sec. 4, 5, 6 r/w 2©, 3 of PCMCS Act, 1978 of VSP-IV Town PS, VSP City District.
  10. Cr. No. 66/2013, U/Sec. U/s 420, 406 r/w 120-B IPC and Sec. 5 of APPDFEA, 1999 Sec. 4, 5, 6 r/w 2©, 3 of PCMCS Act, 1978 of Gajuwaka PS, VSP City District.
  11. Cr. No. 50/2013, U/Sec. U/s 420, 406, r/w 34 IPC & Sec.5 of APPDFE Act 1999. of Anakapalli-Town PS, Visakhapatnam ® District.

The following persons were arrested and remanded to judicial custody.

K Surendra Babu @ K. Surendra Gupta

N.Ramakrishna

Bethireddi Satyanarayana Reddy

Malla Srinivasa Rao

T.Srinivasa Rao Goud

K. Jagga Rao

Raghumudry Tirumala Rao

Arji Govindam @ Govind Master

Varre Veera Venkata Appala Narsimha Rajarao

Chintakayala Venkata Ramana

N. Srinivasa Rao

Properties (immovable and movable) have been attached vide orders:

G.O.Ms.No. 70 Home(Genl.B/A2) Department, dt. 03-04-2014

G.O.Ms. No. 2 Home (ARMS & SPF) Department, dt. 08-1-2015 

G.O. Ms.No.58 , Home (Genl.A2) Department, dt. 18.05.2015

G.O. Ms.No.52, Home (Genl.A2) Department, dt. 13.05.2015

G.O. Ms.No.76, Home (Genl.A2) Department, dt. 11.06.2015

G.O. Ms.No.138, Home (Genl.A2) Department, dt. 01.09.2015

G.O. Ms.No.27, Home (Genl.A2) Department, dt. 09.03.2016

G.O. Ms.No.24, Home (Genl.A2) Department, dt. 08.03.2016

G.O. Ms.No.28, Home (Genl.A2) Department, dt. 10.03.2016

Petitions have been filed in Special Court, Visakhapatnam for making the above GOs absolute. 

Related G.O's


SIMS - GO Ms No. 02, dt. 08-01-2015.PDF
SIMS - GO Ms No. 24, dt. 08-03-2016.PDF
SIMS - GO Ms No. 27, dt. 09-03-2016.PDF
SIMS - GO Ms No. 28, dt. 10-03-2016.PDF
SIMS - GO Ms No. 52, dt. 13-05-2015.pdf
SIMS - GO Ms No. 58, dt. 18-05-2015.PDF
SIMS - GO Ms No. 70, dt. 03-04-2014.2.pdf
SIMS - GO Ms No. 76, dt. 11-06-2015.PDF
SIMS - GO Ms No. 138, dt. 01-09-2015.PDF
SIMS - GO Ms No. 70, dt. 03-04-2014.pdf