The record
Written from the 1 report below. Nothing here is unsourced.
- Hyderabad's Central Crime Station has arrested Kondapuram Laxmikanth Reddy, an alleged inter-state fraudster from Mahabubnagar district, for cheating a Sanath Nagar resident of nearly ₹2 crore.
- He allegedly promised to supply imported gold from Dubai and Sri Lanka at below-market prices, sharing WhatsApp videos of packaged gold biscuits to win victims' trust before collecting large sums.
- Police say several others were cheated the same way and the accused has six prior criminal cases in Telangana and Andhra Pradesh, prompting the CCS to invoke organised crime provisions of the Bharatiya Nyaya Sanhita.
- He has been remanded to judicial custody, and police have warned the public against offers of cheap gold or unusually high returns.
What to watch next
- Further investigation may identify additional victims cheated with the same modus operandi
- Whether more arrests follow, given his claims of contacts with gold dealers importing gold to Mumbai
- Outcome of the organised crime provisions invoked against him under the Bharatiya Nyaya Sanhita
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Named India · Mahabubnagar district · Sanath Nagar resident · Bharatiya Nyaya Sanhita · Hyderabad Central Crime Station · Kondapuram Laxmikanth Reddy
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