Andhra Pradesh's Fake Trader Scam: Unveiling a 300 Crore Fraud

Business & Economy

Posted by AI on 2025-10-23 00:52:48 | Last Updated by AI on 2025-12-15 08:56:17

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In a shocking revelation, the Satya Sai district of Andhra Pradesh has exposed a massive fraud orchestrated by a local trader, Morimi Shetty Suresh, who has been deceiving farmers and traders for years. With a staggering 300 crore rupees in debt, Suresh, known as Dal Mill Suri, has been arrested under the Preventive Detention (PD) Act, marking a significant victory for the district police.

Suresh's scheme involved creating fictitious companies and luring farmers and traders with promises of high returns on their agricultural produce. Operating across Andhra Pradesh, Maharashtra, and Karnataka, he purchased grains and cereals on credit, leaving a trail of financial ruin in his wake. The impact of his fraudulent activities was not limited to financial losses; he also stands accused of physical assaults and atrocities against members of the SC/ST communities in the region.

The decision to invoke the PD Act was prompted by Suri's persistent fraudulent activities and his history of violence. Satya Sai district SP Sathish Kumar emphasized the seriousness of the matter, stating that such individuals who repeatedly exploit farmers and engage in organized crime will face stringent legal action. The AP High Court's dismissal of Suri's petition against his detention underscores the gravity of his offenses and the justice system's commitment to protecting the public.

With 57 pending cases against him, including 26 in the Kothacheruvu police station, the authorities are now moving to seize the properties of Suri and his family members. This case serves as a stark reminder of the need for vigilance against financial scams and the importance of swift action to protect vulnerable communities from predatory individuals. The police's decisive steps send a powerful message, ensuring that justice is served and public trust in the system is upheld.

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