In a troubling development, the Cybercrime, Economic Offences, and Narcotic (CEN) Police in Raichur have registered a case of cheating and criminal breach of trust involving a fraudulent investment scheme operated by Darvesh Group.
The complainants, who had invested Rs9.5 lakh in the company, allege that the group failed to pay them the promised returns or profits on their investments. As a result, the victims, who are brothers, lodged a formal complaint against the company and its officials.
The First Information Report (FIR) names Mohammad Hussain Shuja, Syed Wasim, Syed Miskin, and Bablu as the accused in this fraud case. According to the police, the accused individuals misled investors, promising lucrative returns that were never realized.
The Darvesh Group, which operates out of a location opposite the Raichur Institute of Medical Sciences (RIMS), is now under investigation for its involvement in this financial scam. The police have initiated further inquiries to uncover the full extent of the fraudulent activities, and other victims may come forward as the investigation progresses.
The charges include cheating, criminal breach of trust, and other related offenses. Authorities are working to track down the accused individuals and recover any potential losses for the victims.