Bengaluru: The fourth additional chief metropolitan magistrate court remanded four wealth managers associated with Vikram Investments in police custody for three days.

The Bengaluru-based investment firm, headed by Raghavendra Srinath, allegedly defrauded hundreds of people in a Rs. 300 crore scam.

The Banashankari police, on Wednesday, produced former sports journalist Sutram Srinivas, Narasimha Murthy, Prahlada and K.C. Nagaraj — insurance agents and wealth managers at Vikram Investments — in the 4th Additional Chief Metropolitan Magistrate (ACMM) court.

“We had arrested five accused, including the main accused (Managing Director) Raghavendra Srinath, on March 4. The court had remanded Srinath in police custody for 14 days till March 17 while the other four were remanded in our custody for 10 days. That ended on Wednesday and the court has extended it for three days,” a police officer said.

Meanwhile, anxious investors, who have lost their money, continued to visit the Banashankari police on Wednesday with proof of their investments. “We have received around 250 complaints. Another 50 complaints were lodged by investors in Jayanagar, Banaswadi, J.P. Nagar, Kalasipalya and Amruthahalli police stations,” said an officer.

“We are on the lookout for Srinath’s wife Sunitha Achar who was a director in the firm,” said the police.