A radiologist wanted by Telangana Police in an alleged ₹200 crore fraud case has been arrested in Firozabad, Uttar Pradesh, after investigators traced him to an ultrasound centre where he had reportedly been working for nearly three years.
K. Harikrishna, who holds MBBS and MD qualifications, was arrested in a joint operation involving the Economic Offences Wing (EOW) of Cyberabad Police and Uttar Police station.
According to investigators, Harikrishna had allegedly been living in Firozabad under a different routine while working as an ultrasonologist at Ganesh Ultrasound Centre.
Alleged ₹200 Crore Investment Fraud Under Investigation
The case originates in Hyderabad and involves Shri Sairam Enterprises and several companies that investigators describe as allegedly linked to the suspected fraud network.
According to the police investigation, individuals were allegedly attracted through promises of work orders and high returns on investments. Large amounts of money were reportedly collected on those assurances, but investigators allege that the promised returns or funds were not subsequently returned.
The investigation led authorities to examine several people connected with the companies and their financial transactions.
₹50 Lakh Transfer Allegedly Links Harikrishna to the Case
A key part of the investigation concerns an alleged transfer of ₹50 lakh into Harikrishna’s bank account.
Police reportedly found that Harikrishna’s brother, who is described as one of the main accused in the case, had allegedly transferred the amount from suspected fraud proceeds.
The transaction brought Harikrishna under the scrutiny of investigators. He subsequently remained wanted while Telangana Police continued efforts to establish his whereabouts.
Investigators are expected to examine the transaction in greater detail, including its source, purpose and relationship to the larger financial network under investigation.
Such examination of banking records and money trails can form an important part of a Financial Investigation when authorities are attempting to establish how suspected fraud proceeds moved between individuals and entities.
Wanted Suspect Reportedly Continued Medical Work
During the period he was allegedly evading arrest, Harikrishna reportedly established a base in Firozabad.
Investigators said he had been living in a rented accommodation in the Vibhav Nagar area of Keshav Dham and was working locally as a radiologist.
He reportedly performed ultrasound examinations at Ganesh Ultrasound Centre, allowing him to maintain a professional routine despite being wanted in the Telangana case.
His arrest followed information received by the Cyberabad EOW regarding his presence in Firozabad.
Joint Police Operation Leads to Arrest
After receiving the information, the Cyberabad EOW contacted Uttar Police station and coordinated with local officers.
A Cyberabad Police team comprising Sub-Inspectors Venkateshwar, Narendra and Mohammed Mauseem reportedly worked with the local police to establish Harikrishna’s movements and identify his likely location.
Police subsequently maintained surveillance around the ultrasound centre.
Harikrishna was eventually intercepted near the centre and taken into custody.
Following the arrest, investigators questioned him regarding the alleged fraud and his whereabouts during the period he remained wanted.
Other Family Members Also Under Investigation
According to the investigation described by police, Shri Sairam Enterprises was registered in the name of Sandhya, identified as Harikrishna’s sister-in-law.
Harikrishna, his brother and his brother-in-law were also named as accused in connection with the alleged fraud.
Police had reportedly already arrested Sandhya and the brother-in-law, while Harikrishna’s brother remained absconding at the time described in the report.
Investigators are examining the financial relationships between the accused and the companies allegedly connected with the case.
What Happens After the Arrest?
City Circle Officer Santosh Kumar Singh said Harikrishna had been arrested with assistance from Uttar Police station.
He is expected to be produced before a court. Telangana Police may then seek transit remand to take him to Hyderabad, where the investigating agency can continue proceedings in the case.
Investigators are expected to examine Harikrishna’s bank accounts, financial transactions, links with the companies involved and his alleged relationship with the other accused.
The alleged ₹50 lakh transfer is also likely to receive further scrutiny as investigators attempt to establish its source and connection, if any, to the alleged fraud proceeds.
Investigation Will Determine His Specific Role
While police have linked Harikrishna to the case and arrested him, the allegations remain subject to investigation and judicial proceedings.
Authorities will need to establish the evidence supporting his alleged involvement, including the nature of his financial transactions, his relationship with the other accused and any connection to the companies at the centre of the investigation.
The arrest represents another step in the wider probe, but the final determination of liability will depend on the evidence presented through the legal process.