Hyderabad: Ramavath Madhu arrested in ₹6.5 crore fraud
HYDERABAD: Cyberabad police have arrested Ramavath Madhu, the main accused in a multi-crore investment fraud, officials said on Thursday.
Madhu allegedly cheated investors by promoting a scheme that promised land registration and monthly payouts. He collected ₹6.58 crore under the name of ‘Shubhaksetra Venture’, police said.
Ponzi scheme promised plots and monthly returns to investors
According to the Economic Offences Wing (EOW), Madhu, along with Bandi Shivakumar and Ramavath Sakru, lured investors with an offer. They claimed that those who paid ₹5 lakh or more would receive a 102-square yard plot, insurance cover of ₹5 lakh, and monthly payments of ₹25,000 for 42 months.
The accused claimed to own 16 acres in Damaragidda village of Nyalkal mandal in Sangareddy district and opened an office in Miyapur to promote the scheme.
Katrika Santosh, a businessman from Patancheru, invested ₹5 lakh in September 2025. Like him, 33 investors paid a total of ₹6.58 crore. However, the accused neither registered plots nor paid the promised monthly returns. When questioned, they allegedly issued threats.
Singer Mangli named in separate ₹10 crore fraud case
In another case registered at Panjagutta police station, Ramavath Madhu has been named as an accused along with singer Mangli, Bharat Chauhan, Shailaja Chauhan and others.
Advocate Singapogu Subbarao filed a complaint on March 27, alleging that the group collected up to ₹10 crore from several people by promising high returns.
Earlier fraud case linked to Gokulananda Infra
Madhu is also a key accused in a fraud case registered last year at P.A. Pally police station in Nalgonda district. In that case, he and eight others allegedly collected crores from people in Devarakonda constituency by promising high profits through investments in Gokulananda Infra India Private Limited. The case was later transferred to the Crime Investigation Department.
