Bengaluru: Banashankari police have written to Bruhat Bengaluru Mahanagara Palike (BBMP) and the Stamps and Registration Department seeking property details of Raghavendra Srinath, managing director of Vikram Investments, who has been accused of a multi-crore fraud.
As many as 350 investors have approached the police who believe that they were collectively duped of as much as Rs. 400 crore.
“During our investigation, it was found that the accused have made property transactions through benami means. For more details, we have written to the BBMP and the Stamps and Registration Department to provide information about investment in properties,” said a senior police officer.
The police have submitted a list of names of family members of Srinath as well as four other arrested to see if properties have been registered in their names. “Once we get details, we will question the family members to ascertain the source of their income,” the police added.
