Three held in Nagole for ₹30 crore investment fraud targeting 290 investors

Three persons have been arrested by the Nagole police for duping hundreds of investors through a fraudulent high-return investment scheme that collected nearly ₹30 crore.

The accused have been identified as Kitcha Veerabhadra Rao, 51, a resident of Bandlaguda, along with his wife Rajyalakshmi and their assistant Venkata Durga Prasad. Police said the trio operated the scheme under the name ‘Veerabhadra Trading’ between June 2024 and July 2025, luring people with promises of unusually high monthly returns.