COPS NAB THREE IN BIG FRAUD, FREEZE BANK ACCOUNTS TO GET BACK STOLEN CASH

VIJAYAWADA, Andhra Pradesh – August 16, 2025:Cops in Vijayawada just busted three people for a big fraud. They’ve been looking into this scheme that supposedly ripped off a bunch of people for over ₹350 crore. The main guy, N. Venkata Satya Lakshmi Kiran, runs an animation biz called Upix Creations. They also got his two buddies, M. Rajendra Kumar and M. Rajiv Krishna. The police moved fast and asked the banks to freeze the suspects’ accounts, which is super important to stop them from hiding the cash and to save what’s left to pay back the victims.

How the Fraud Worked

These guys were running a scam using Upix Creations, the animation company, as a cover. It’s located in Vijayawada. They told investors they could get awesome returns on their money, which hooked 183 people.

Turns out, they took a crazy ₹350 crore from folks who didn’t know what was up. Instead of making legitimate returns, they supposedly blew the money on themselves and lived large.

Cops Respond, Stuff Gets Seized

After someone filed a report, the Satyanarayanapuram police put together a special squad to check things out. The team, led by top cops K. Tirumaleswara Reddy and Sravanthi Roy, grabbed the three main suspects.

Besides the arrests, the cops raided the suspects’ properties. They found about 354 grams of gold jewelry (worth around ₹90 lakh) and 21 kgs of silver jewelry. They also took a car and some other expensive stuff.

Freezing the bank accounts right away was a really smart move. It means that any money still in those accounts is safe and can’t be touched.

How Freezing Accounts Works Legally

Freezing bank accounts is normal when dealing with financial crimes. It’s a way to stop money from going out, like from cash withdrawals, transfers, or online payments.

Banks can freeze an account if they spot something fishy. But usually, it’s the cops or a court that orders it. The police can tell banks to freeze accounts if they think the money came from illegal stuff, according to the law.

While an account is frozen, people can still put money in. But they can’t take any out until a court says it’s okay to lift the freeze.

What Happens in Court: Getting Money Back to Victims

The suspects are in deep trouble under the Indian Penal Code and other financial laws. If they’re found guilty, they could be locked up for a long time and have to pay huge fines.

The money in the frozen accounts, plus what was seized, will be key evidence in court. If the suspects are convicted, this stuff can be used to pay back the victims who lost their savings.

Victims can also sue to try and get their money back. But it can take a while, so it’s great that the cops froze the accounts fast to protect the funds.

Fraud Is Getting Common Online

The Upix Creations case isn’t the only one like this. Financial fraud is a big problem in India. With more stuff happening online, it’s easier for scammers to trick lots of people.

Recently, there have been tons of stories about similar scams. The CBI just shut down a fake call center in Igatpuri that was ripping off people from other countries, and they grabbed over ₹1.2 crore in cash.

The Enforcement Directorate has also been busy with financial crime, raiding places and arresting people for money laundering and dodging taxes. Just last week, they arrested a social media person for a ₹6 crore fraud.

What This Means: Staying Alert

This should remind everyone to be careful when people promise crazy high returns on investments. If it sounds too good to be true, it probably is a scam.

The cops are using cool tech to find these scammers. But people need to be smart and pay attention. The government and cops keep warning people about scams that promise quick cash.

Freezing assets and arresting the bad guys sends a clear message that this kind of thing won’t be tolerated. This case is a big deal in making sure the victims see justice and the criminals are punished.

Reported by: Herohind News Desk