Police launch probe as university students ‘dupe’ peers over job promise in A.P.
Two engineering students at SRM University-AP have been accused of defrauding their peers by promising high returns on investments and job placements. The police have initiated an investigation following multiple complaints and have recovered some of the funds. The university is conducting its own inquiry and has formed a disciplinary committee to address the situation.
- ▪Two students allegedly collected nearly ₹1 crore from fellow students.
- ▪The police are verifying the bank accounts of the accused and tracing financial transactions.
- ▪The university has identified five victims and is conducting an internal investigation.
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Two second-year engineering students of SRM University-AP, Amaravati, allegedly duped several fellow students by promising high returns on investments and campus placements in private companies. The police have launched an investigation acting on several complaints in this reagard.Mangalagiri Rural Police Station SI Chirumamilla Venkateswarlu on Thursday told The Hindu that two students, identified as P. Vijay Narasimha and E. Varun Sai, allegedly collected nearly ₹1 crore from their fellow students from the university by promising lucrative returns on investments and employment by the time they completed their four-year engineering courses.The police said that the duo had reportedly repaid a portion of the money as returns to some students who had initially invested after believing their…
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