Miryalaguda (Nalgonda):�a first-rate monetary scam has come to light in miryalaguda town wherein unsuspecting citizens were duped via a fake lucky draw scheme operated below the name rk establishments.

The organizers, okay Ramesh, ok Koteshwar Rao, and Bachalakuri Srinivas, promised valuable prizes in monthly fortunate draws in return for a Rs 1,000 month-to-month subscription from every member.

According to police and victims, the scheme started out in october 2023 and ran until january 2025, collecting cash from around 2,six hundred individuals throughout miryalaguda, Garidepally, nereducharla (Suryapet district), and bordering villages in Andhra Pradesh. Members have been assured they might receive high-cost prizes, such as a bumper car prize within the very last draw.

The victims paid Rs 1,000 in keeping with month for 15 months, totalling an estimated Rs 4 crore. Although the organizers to start with exceeded out Rs 15,000 worth of items to 3 winners, they unexpectedly discontinued the scheme with out observe, failing to behavior the promised bumper draw.

As contributors started out looking for refunds or causes, they located the organizers had gone missing. One victim, Morugu Venkatamma from Kalalwada in miryalaguda, filed a criticism with the only city police, revealing the fraud. The agent who enrolled her, Mandari Malleshwari, and fundamental organizer Ramesh had been named in the FIR.

Following this criticism, numerous different victims additionally approached the police. It's miles envisioned that 900 victims reside in miryalaguda on my own, with many greater across the location. Circle Inspector Moteeram confirmed that a case has been registered and an investigation is underway to hint the accused and get better the defrauded funds.

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