The Curious Case of Hyderabad's Missing Million-Dollar Duo
- Nishadil
- July 12, 2026
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Hyderabad Couple Vanishes Amidst Rs 50 Crore Investment Claims, Leaving a Trail of Questions and Worried Investors
A Hyderabad couple, G. Ramakrishna Reddy and S. Sridevi, who allegedly collected a staggering Rs 50 crore from various investors, have mysteriously disappeared after telling relatives they were off to Switzerland. Police are now on their trail, investigating claims of massive fraud.
Hyderabad is buzzing with a rather perplexing mystery: a local couple, G. Ramakrishna Reddy and his wife, S. Sridevi, seem to have vanished into thin air. They reportedly told their family they were jetting off for a leisurely trip to Switzerland on June 15th, only to become unreachable shortly thereafter. What started as a simple missing persons report, however, has quickly spiraled into a much larger, more troubling saga involving alleged financial impropriety on a staggering scale.
As it turns out, the couple isn't just missing; they're also at the heart of an unfolding police investigation. Why, you ask? Because a growing number of worried individuals have come forward, claiming that Ramakrishna Reddy and Sridevi collected an eye-watering sum – estimated to be around Rs 50 crore – from them. These funds, they allege, were promised high returns, supposedly through various investments, including real estate and even cryptocurrency ventures. The dream of quick profits, it seems, has now turned into a nightmare of lost savings and unanswered calls.
When relatives, understandably concerned by the sudden silence, couldn't get in touch with the couple after June 15th, they approached the police. But as investigators began to peel back the layers, a far more complex picture emerged. Soon enough, a formal First Information Report (FIR) was lodged against Ramakrishna Reddy and Sridevi, citing sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code. This isn't just about a missing couple anymore; it's about a full-blown fraud investigation.
Police have already sprung into action. Their initial steps included a raid on the couple's former residence in Madhapur – they had recently moved to Jubilee Hills, adding another layer of elusive movement. During the search, officers managed to seize crucial documents, along with laptops and mobile phones, all of which are now under intense scrutiny. These items, investigators hope, will shed some much-needed light on the couple's financial dealings and, perhaps, their current whereabouts.
Among the many investors who have come forward, one Sunkara Ramakrishna recounted losing a significant Rs 2.5 crore. He painfully explained how he had even sold a piece of land to invest with the Reddys, lured by promises of monthly returns ranging from 2 to 3 percent. Others, too, speak of investing varying amounts, all holding onto the hope of substantial gains. It’s a classic tale, you see, where trust is placed, big promises are made, and then, quite abruptly, the principal players vanish.
The authorities are now meticulously tracing the couple's financial transactions and travel history, trying to piece together where they might have gone and who else might be involved. Ramakrishna Reddy, a former software engineer, along with his wife, clearly managed to cultivate an image that convinced many to part with their hard-earned money. For now, the question remains: where are the Reddys, and will the numerous investors ever see their money again? The investigation continues, keeping many on edge in Hyderabad.
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