Chitradurga police nab fraudster who cheated 6k people of Rs 210 cr with money doubling promise

CHITRADURGA: The Cyber crime, Economic offences and Narcotics (CEN) police have arrested a man who had cheated several individuals in the city of over Rs 4 crore with the promise of doubling their money in 60 days. The arrested is said to have cheated over 6,000 people in different states of Rs 210 crore.

On December 15, 2023, Rameshappa, a railway employee from Chikkajajur in Holalkere taluk filed a complaint alleging that one Kote Ramaiah, hailing from Andhra Pradesh, had cheated people of Rs 4,75,99,000. The case was transferred to the CEN police who succeeded in nabbing the accused.

Chitradurga Police Superintendent Dharmendar Kumar Meena said, “Kode Ramaiah was running a company by the name of Crowd Club International and had cheated more than 60 people in the district with the promise of doubling their money in 60 days. Since the amount involved was about Rs 4 crore, we transferred the case to the CEN police station. During investigation, we came to know that Kode Ramaiah was abroad following which we issued a lookout circular”.

Chitradurga Police Superintendent Dharmendar Kumar Meena briefing the media regarding the arrest of the fraudster.

Further, he said that on June 8, the Kolkata Bureau of Immigration informed them that Kode Ramaiah had been detained. “Investigation officer Venkatesh and his team headed to Kolkata, produced Kode Ramaiah before a local court and secured a transit remand. He was produced before a local court and remanded to police custody. Ramaiah’s mobile phones and laptop have been seized and his office searched”.

“He cheated more than 6,000 people from different states to the tune of Rs 210 crore. We have now written to the DG&IGP to transfer the case to the Criminal Investigation Department”, the SP added.