Quick Summary
The Hyderabad police have apprehended Srinath Rathi, a 29-year-old individual running a YouTube channel, on charges of defrauding chartered accountants to the tune of Rs 2.48 crore. Rathi, leveraging his YouTube platform, allegedly lured the victims with promises of lucrative investment returns, only to vanish after collecting substantial sums of money. Modus Operandi and Police Statement According to CCS inspector D. Bikshapathi, Rathi exploited his YouTube channel, where he delivered lec
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FAQ :
Srinath Rathi, a 29-year-old man who ran a YouTube channel, has been arrested.
He is accused of defrauding chartered accountants of Rs 2.48 crore by luring them with fake investment opportunities.
He used his YouTube channel, where he lectured on accounting, to build credibility and trust with chartered accountants.
Over 10 victims in Hyderabad have reportedly been defrauded.
Rathi promised lucrative investment returns, initially returned small amounts to build confidence, and then disappeared after collecting substantial sums, sometimes for fake investments like gold.
Srinath Rathi is in police custody, and affected individuals are awaiting legal proceedings for resolution and to reclaim their losses.
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