Overview
- CCS police registered criminal cases against DFI director Dr P. Kamalakar Sharma and others for allegedly cheating nearly 4,000 senior citizens of over Rs 516 crore.
- Investigators identified DFI-linked assets including about 3,000 square yards of commercial space and roughly 450 acres of land across Telangana and Andhra Pradesh.
- The DCP, acting under the Depositors Act, secured eight government ad‑interim attachment orders that the Sessions Court later made absolute.
- After the accused appealed, the High Court upheld the attachments and appointed a committee led by a retired district judge with oversight of property auctions and victim disbursements.
- The case stems from a 2023 complaint under the IPC and the Telangana Depositors Act, with prosecutors telling the High Court probes indicate collections of about Rs 762 crore as multiple bank accounts remain frozen.