Advika Trading Scam Case in Vijayawada

A key development has emerged in the Advika Trading scam case in Vijayawada, with the Home Department granting approval to seize the assets of seven agents allegedly linked to the case. The accused are alleged to have collected large sums of money from thousands of people by promising high returns. The alleged fraud has affected investors across Andhra Pradesh and Telangana, leaving many facing significant financial losses.

According to the details provided in connection with the case, a total of Rs. 413.03 crore was collected from victims. While Rs. 355.03 crore was reportedly paid back to them, an additional Rs. 144 crore is alleged to have been misappropriated. The approval to seize the assets of the seven agents marks a significant step in the proceedings. Further action is expected to focus on tracing the financial transactions and addressing the grievances of the affected investors.