What happened to the ₹3.32 crore invested by Hyderabad tech employees?

The ₹3.32 crore invested by at least 30 Hyderabad tech employees, including software engineers, was lost in an alleged multi-crore investment scam orchestrated by their neighbor, P Srinivasa Rao.

How did P Srinivasa Rao lure the Hyderabad tech employees to invest?

Rao promised the Hyderabad tech employees spectacular monthly returns of ₹7 for every ₹100 invested in his company, Advaith Investment Solutions. He also used a seemingly authentic website and a list of earlier investors to bolster credibility.

Where is P Srinivasa Rao now?

P Srinivasa Rao, the suspect in the Hyderabad investment scam, is currently on the run. He stopped responding to calls, switched off his phone, and is now untraceable, according to the complaint filed by one of the victims.

Home / Crime and Justice / Tech Employees Duped in ₹3.32 Crore Ponzi Scheme, Suspect on the Run

Tech Employees Duped in ₹3.32 Crore Ponzi Scheme, Suspect on the Run

8 Nov

•

Summary

At least 30 victims, including software engineers, lost ₹3.32 crore
Accused promised spectacular monthly returns, lured by website and referrals
Suspect stopped responding, switched off phone, and is now untraceable

Tech Employees Duped in ₹3.32 Crore Ponzi Scheme, Suspect on the Run

On November 8, 2025, the Cyberabad Economic Offences Wing (EOW) registered a case and launched an investigation into a suspected multi-crore investment scam that has affected at least 30 victims, many of them software engineers.

According to the complaint filed by one of the victims, N Vijay Kumar, a 47-year-old software engineer from Kothaguda, he and 29 others were duped by their neighbor, P Srinivasa Rao, who promised spectacular monthly returns for investing in his company, Advaith Investment Solutions. Rao allegedly promised ₹7 every month for every ₹100 invested.

Lured by the seemingly authentic dashboard on Rao's company website and a list of earlier investors, the complainant alone transferred ₹27.5 lakh between November 2024 and April 2025 into two IndusInd Bank accounts held by the accused. Using Kumar's referral, several of his friends also invested, with a total of at least 29 others, many of them tech employees, depositing sums ranging from ₹2 lakh to ₹50.3 lakh.