SIMS victims stage rally and Dharna at Vizag

Secured Investment Making Services (SIMS) which duped more than 45,000 people in north coastal Andhra, East and West Godavari districts for an amount of Rs.500 crores total indicates that neither the people nor the government have learned any lessons from the past.

Majority of the victims are from lower income groups and middle class sections, who were lured by the SIMS of attractive interests, gifts like plots and vehicles have invested their hard earned money only to be cheated by the Company. Neither the government takes any initiative to prevent this kind of white collar crimes nor do the people stop themselves from taking bait thrown such con gangs.

More than 2000 victims flown in from Srikakulam to West Godavari district have staged a rally at Vishakhapatnam on Monday. SIMS Bhaditula Sangham (Victims’ Association) accused the local MLAs and Minister Ganta Srinivasa rao for keeping cool on their case only because several big heads ranging from police department to government officials were involved in the multi crore frauds. The victims said they are planning to stage dharna before Assembly during the upcoming sessions, if the police fail to justify their case. Police fails to make any progress in this case except arresting the SIMS CMD K. Surendra Gupta.