Kerala High Court Reviews Plea for CBI Investigation in Alleged Investment Scam
The Kerala High Court has recently requested a status report from the State police regarding a plea that seeks an investigation by the Central Bureau of Investigation (CBI) into an alleged ₹700 crore scam tied to a fictitious US Defence project. This case, known as A Harikrishan v. Union of India & Others, involves accusations that numerous investors across India were deceived into investing large sums of money by a company named VPVV Techno Construction. The company falsely claimed to have obtained an ₹83,000 crore defense contract with the US government.
VPVV Techno Construction allegedly convinced investors by asserting the existence of a clandestine “Indo-US-Pacific Peace Treaty,” which later proved to be nonexistent. By the time this was discovered, approximately ₹700 crores had already been invested based on the company’s assurances of substantial financial returns.
High Court Issues Notice and Seeks Status Report
Justice G Girish of the Kerala High Court has issued a notice concerning the case and directed the public prosecutor to submit a status report detailing the progress of the investigation. The matter is scheduled for further consideration on August 18, 2026.
The plea was filed by A Harikrishan, a retired executive engineer from the Public Works Department (PWD), who claims to be one of the many victims of this alleged scam. Harikrishan is advocating for the transfer of the investigation from the Medical College Police Station in Thiruvananthapuram to the CBI, arguing that the fraud has implications beyond state borders, involving multiple states and international factors.
Petitioner’s Allegations and Call for CBI Probe
According to the petition, representatives of VPVV Techno Construction approached Harikrishan with claims of securing defense infrastructure contracts worth ₹5,000 crore from the United States military under the supposed “Indo-US-Pacific Peace Treaty.” Enticed by promises of lucrative subcontracts, job opportunities in the US, and visas for his family, Harikrishan invested ₹1 crore. However, the promised contracts never materialized, and it was later uncovered that the treaty and related promotional documents were fictitious.
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The plea further elaborates that company officials collected approximately ₹700 crores from various individuals using similar fraudulent business offers, even displaying the emblems and insignias of the Indian and US governments. Harikrishan insists that the scam was executed across multiple states through high-profile conclaves, investment programs, and promotional events, some of which were attended by naval personnel, defense officials, and other dignitaries.
The petitioner criticizes the current police investigation for focusing mainly on offenses related to cheating, despite allegations involving forged documents, misuse of national emblems, and a broader conspiracy with a multi-state reach. He argues that such a limited investigation is insufficient, especially when other states have also registered FIRs concerning the same case.
In light of these factors, Harikrishan has urged the transfer of the investigation to the CBI. Advocates CS Ajith Prakash and Sahala Fathima are representing the petitioner in this matter.
