Hyderabad: The Special Operations Team, Rachakonda Commissionerate along with LB Nagar police arrested two fraudsters for cheating students under the pretext of providing medical seats in management quota.
The accused were identified as A. Venkata Ramaiah from Krishna district, and Yaga Sravani from Nirmal district. The duo were running a NEET institute under the name of AVR Institutions and offered MBBS seats under management quota.
According to the complainant Gadagoju Paramesh, Venkata Ramaiah took an advance amount of Rs 17 lakhs for creating DD on the name of students. He further took an amount of Rs 1 crore 40 lakhs from parents.
The police said, “Venkat Ramaiah, completed his post-graduation in Physics and worked as a lecturer in the Narayana colleges for a few years. After that, he started an institute under the name of AVR institute for Neet students at LB Nagar. He made the students believe that he would get them an MBBS seats. If the student did not get the seat he promised to arrange seats under ‘B’ or ‘C’ category seats in management quota in the Medical collages.”
"He would collect the amount and donation of the entire fees from parents. By paying first term fees at the time of joining, he assured college managements that he would pay the annual fees in installments. However he did not pay the fees for the rest of the terms. When the parents asked him he dodged them with excuses," the investigation team said.
Additional deputy commissioner of police, J. Surender Reddy said that till date three parents have registered their complaint and Rs 1.4 is lost. Parents are not ready to lodge a complaint. The number of victims and amount lost could be more.
The arrest was made under the supervision of Mahesh M. Bhagwat, IPS., commissioner of police, Rachakonda. Police recovered net cash of Rs 9,45,000 and a Vento Volkswagen car worth Rs 15.5 lakhs from the accused.