Bengaluru: The Criminal Investigation Department (CID) has taken over the probe into Bengaluru-based wealth management firm Vikram Investment, which has been accused of duping as many as 260 people to the tune of Rs. 300 crore.
Though only 260 complaints have been registered, documents seized so far reveal that over 1,400 investors have been duped, said the police.
Director General and Inspector-General of Police Neelamani N. Raju had issued directions on Wednesday to the city police to hand over the probe to the CID.
All documents and other material pertaining to the case were deposited at the CID headquarters in Carlton House, Palace Road, on Tuesday. CID Director General of Police Praveen Sood held a day-long pre-investigation meet. Several south division police officers, including Deputy Commissioner of Police S D Sharanappa, briefed the CID on their investigation in the case.
