Fri, Oct 02, 2026 | Updated 04:29 IST
Jun 15, 2026
According to the victims, the group, operated by one Nadigatla Mohan Rao--locally known as "Chandu"--attracted hundreds of investors by promising returns far exceeding those offered by traditional banks. The firm allegedly maintained offices in the Shankaramattam Road area, operating out of the Axis Bank building, and projected an image of stability by paying out interest consistently for the first two to three years.
The oath-taking ceremony for newly elected Panchayat representatives from Shimla district was held at Hotel Peterhoff, where Himachal Pradesh Education Minister Rohit Thakur administered the oath of office and secrecy to Pradhans and Up-Pradhans from 441 Panchayats.
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