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V'wada Cops Unearth ₹353 Cr Investment Scam, 3 Held
The New Indian Express Vijayawada
|August 17, 2025
Accused lured victims into investing in Upix Creations for high returns, claiming it was an international firm working for Hollywood films
IN a breakthrough, Vijayawada police have unearthed a massive investment fraud allegedly run through a fake animation company named Upix Creations and arrested three persons in connection with the scam on Saturday. The accused were found duping investors to the tune of nearly ₹353 crore by promising high returns in one year.
Addressing a press conference, NTR District Commissioner of Police (CP) SV Rajashekhar Babu said that the complainants, Tripuramallu Srinivasa Rao and Kalavakollu Dilip Kumar from Narasaraopet, approached Satyanarayanapuram police, alleging that the accused lured them into investing in Upix Creations, claiming it was an international company providing animation work for Hollywood films and other animation companies.
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