Rahul Dravid, Saina Nehwal among 800 others duped in ponzi scheme

Former Indian cricketer Rahul Dravid, current badminton star Saina Nehwal and former All-England champion Prakash Padukone have been named among the 800 people duped by a Bengaluru-based Ponzi scheme, according to a report in News18.

The Bengaluru City Police on Monday confirmed that Vikram Investment Company had cheated over 800 people, including the above-mentioned athletes.

The company owner Raghavendra Sreenath, along with agents Sutram Suresh, Narasimhamurthy, KC Nagaraj and Prahalad have all been arrested by the police.

Suresh, a renowned sports journalist based in Bengaluru, has been convincing sports athletes to invest in the ponzi scheme, a police official added.

“They have been sent to police custody for 14 days. The gang has duped the investors of over Rs 300 crores. We are verifying the documents,” a Police officer said to News18.

Meanwhile, the above-named athletes are yet to respond to the police claims.

Prakash Padukone has refused to comment on this, whereas Rahul Dravid and Saina Nehwal could not be reached.