Latest news with #VijayawadaCityPolice
New Indian Express
4 days ago
- New Indian Express
Vijayawada police to form special team to tackle rising chit fund and financial scams
VIJAYAWADA: With financial frauds such as chit fund scams, fake deposit schemes, and gold investment traps on the rise, Vijayawada City Police is planning to set up a special team to draft Standard Operating Procedures (SOPs) aimed at regulating unauthorised financial activities and protecting the public from falling prey to such schemes. The move follows two major fraud cases reported recently in which the public suffered losses of over Rs 200 crore. In the first case, more than 50 complaints were filed at Satyanarayanapuram Police Station against Muthyala Srinivasa Rao, who allegedly collected Rs 10 crore through unauthorised chit schemes by offering customers gold and attractive incentives. Rao fled the city after failing to return the money. During investigation, police discovered that he lacked the necessary licence to operate financial schemes, violating the Andhra Pradesh Protection of Depositors of Financial Establishments Rules, 1999, and the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. 'He lured the public with promises of high returns and used promoters to expand his scheme. We arrested him and recovered 600 grams of gold and 18 kg of silver,' said North Zone ACP K Sravanthi Roy. Rao has been remanded to 14 days of judicial custody.
New Indian Express
29-05-2025
- New Indian Express
Gold worth Rs 30 lakh recovered, four held nin Vijayawada
VIJAYAWADA: Vijayawada City Police on Wednesday arrested a four-member interstate chain-snatching gang and recovered stolen property worth Rs 30 lakh, including 476 grams of gold ornaments and two motorcycles. The accused, Acchi Giribabu (36) and Acchi Mahesh (21) from Nellore district, and Galeti Venkata Ramana (38) and Mogili Sandhya (38) from NTR district, were caught while loitering suspiciously at Thummapalem village under the Ibrahimpatnam PS limits. They attempted to flee during a vehicle enforcement drive but were intercepted. Addressing the media, NTR District Commissioner of Police (CP) SV Rajasekhar Babu said the gang was addicted to vices and resorted to thefts to fund their lifestyle. Giribabu had previously committed 12 chain-snatching offences in the Nellore district and served jail time. After his release, he relocated to Kondapalli in NTR district to avoid detection and regrouped with others to commit 25 thefts.
Hans India
20-05-2025
- Hans India
Rs 5L assistance to deceased home guard's family
Vijayawada: City Police Commissioner SV Rajasekhara Babu extended financial support to the family of a deceased Home Guard, continuing a commendable initiative within the Vijayawada City Police. The Home Guards working in the city voluntarily contribute a portion of their salaries to provide financial assistance to the families of deceased or retired colleagues, ensuring they do not face undue hardship. In a recent unfortunate incident, Home Guard P Srimannarayana (45), who was serving in the Vijayawada City Home Guard Unit, passed away due to a brain stroke. To support his grieving family, a cheque of Rs 5 lakh was presented to his wife, P Narasamma, on Monday by City Police Commissioner SV Rajasekhara Babu at the Police Commissioner's office here. DCP (Admin) KGV Saritha, Home Guard RI K Sudhakara Reddy and other officials were also present.
