Telangana Hyderabad - 8 years on, fake faith healer held for Rs 34 crores fraud
On Monday, september 4, the CID made an arrest of a guy posing as a spiritual guru who reportedly defrauded people out of Rs 34.34 crore eight years ago. police said that he had amassed the funds by posing as a social worker and building shelters for the homeless. The accused, Madduru Uma Shankar, resides in rk Puram in Kothapet and is wanted in two non-bailable crimes as well as another one for deceiving people.
Since 2006, Uma shankar has accumulated Rs 30 crore from his victims while claiming to be improving society spiritually, assisting social organizations in building shelters for the destitute at night, constructing gau shalas and old-age homes, and assuring children's education. His victims began to question Uma Shankar's use of the funds for his own purposes in 2009. The financial transactions were not supported by any documentation.
The Chaitanyapuri police filed a cheating case against Uma shankar in 2015 after receiving a complaint from Asmangarh resident and employee of a private firm, MS Giri Prasad, 41, against the latter. Uma shankar is accused of defrauding the populace while posing as a spiritual teacher by Giri Prasad. On May 19, 2015, a case was then filed under IPC Sections 420 (cheating and dishonesty) and 406 (criminal breach of trust). On november 2, 2015, CCS police filed a second complaint for defrauding individuals out of 4 crore under the guise of investing money in real estate.
On november 11, 2015, the Chaitanyapuri police station received a third complaint for a fraud case involving Rs 17.5 lakh. In december 2015, CID received all three complaints, and the Economic Offences Wing started an investigation. He was captured at Kompally, according to the CID Telangana, by a special squad. He later appeared before a judge.