Sat Nov 22 18:24:31 UTC 2025: Okay, here’s a news article summarizing the provided text:

Hyderabad Police Nab Couple in ₹23 Crore Investment Fraud Case

Hyderabad, India – November 22, 2025 – The Central Crime Station (CCS) Detective Department of Hyderabad Police has arrested Vuppalapati Satish Kumar and his wife, Shilpa Banda (also known as Vuppalapati Shilpa Rao), in connection with a ₹23 crore (approximately $2.7 million USD) investment fraud. The couple was apprehended in Dharwad, Karnataka, on November 20th, following a “dramatic operation” based on credible intelligence.

The arrest comes after a complaint filed on September 18th by P. Vinay Kumar, alleging that the couple persuaded him, his family, and others to invest in their firm with promises of high returns. After making initial small payments, the couple allegedly stopped further payouts and absconded, defrauding investors of an estimated ₹23 crore.

Police investigations revealed that the accused, along with associates, created multiple shell companies to divert the deposited funds. A case was registered by CCS Hyderabad, and an investigation was launched. The couple allegedly evaded arrest and failed to cooperate with authorities until their capture.

Investigators further revealed that Satish Kumar and Shilpa Rao have a history of involvement in cases investigated by the Central Bureau of Investigation (CBI), the Enforcement Directorate, and GST authorities.

The operation was conducted under the supervision of DCP N Swetha of the CCS Detective Department, with officers from CCS and the Task Force participating in the arrests. The accused were produced before a Hyderabad court on Saturday and remanded to judicial custody. Inspector C. Parasuram of the EOW Team VI of CCS Hyderabad is leading the ongoing investigation.

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