Woman dupes investors of nearly Rs 3 cr 'Madhapur fraud case'

A major investment fraud has come to light in Madhapur, where a woman allegedly duped several people to the tune of nearly Rs 3 crore, by promising unusually high monthly returns.

According to police, the complainant, K Revanth, a private employee from Madhapur, came into contact with Lavanya Konidela in August 2024 through a friend. She introduced herself as the owner of a firm and claimed of operating an office in Vittal Rao Nagar while residing in Lanco Hills.

Gaining his trust, she promised lucrative returns of about 5 per cent fixed monthly income along with an additional 3 per cent profit on capital investments. She further claimed that several prominent individuals had already invested with



her, further convincing the victim.

Believing her assurances, Revanth transferred a total of Rs 67 lakh in phases between August 2024 and March 2025. The funds were sourced from his own account as well as those of his father and sisters residing in the United Kingdom.

Initially, the suspect paid returns for a few months, creating a sense of credibility. However, she later stopped payments altogether. When questioned, she allegedly gave evasive replies and even threatened to file false cases against Revanth.

Following a complaint, Madhapur police registered a case and took up investigation, during which officials found that several others had also been cheated in a similar manner.