The police acknowledged that the kingpin, Muppala Mallikarjuna, 36, of Nellore, had 81 tonnes of chebulic myrobalan, identified as Karakkaya nuts, and supplied victims Rs 300 per kilogram for turning the nuts into powder. On this pretext, he sought a deposit of Rs 1,000 per kilogram thru a firm Tender Mix Multi Tools Pvt. Ltd. home up in KPHB Colony for the aim. — Representational Image/DC File
Hyderabad: As many as 12 victims of the ‘Karakkaya plan’, whereby hundreds were duped of over Rs 3.75 crore by fraudsters who sought deposits for the sale of chebulic myrobalan nuts in 2018, were on Sunday handed cheques by the police for the volume they were cheated of.
The police relish known 269 more victims and acknowledged they would possibly maybe well perhaps procure bank credits of amounts on a legit-rata foundation, after over Rs 73.53 lakh became once launched thru auctions of the properties of the accused.
The police acknowledged that the kingpin, Muppala Mallikarjuna, 36, of Nellore, had 81 tonnes of chebulic myrobalan, identified as Karakkaya nuts, and supplied victims Rs 300 per kilogram for turning the nuts into powder. On this pretext, he sought a deposit of Rs 1,000 per kilogram thru a firm Tender Mix Multi Tools Pvt. Ltd. home up in KPHB Colony for the aim.
The kingpin, along with 9 other accused, are suspected to relish duped round 423 persons to the tune of Rs 3,75,87,000, as they fled after gathering the money.
Cyberabad police commissioner Stephen Raveendra acknowledged, “At some stage during investigation, 10 accused were arrested and despatched to judicial custody and the courtroom had appointed an public sale committee, which conducted a public public sale of the total seized properties, collectively with autos and gold embellishes, thru e-public sale and bodily public sale in numerous phases in a transparent formula and accomplished the direction of by duly depositing the accrued amounts in the competent authority’s fable. Meanwhile, particular teams of the industrial offences cruise, Cyberabad, verified the KYC minute print of the total victims and picked up their checking fable, PAN and Aadhaar numbers, as per the courtroom directions.”
The public sale committee appointed chartered accountant A.V.S.K. Karthik, who submitted a account list the principle points of verified victims, following which the compensation became once initiated.
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