The Cyberabad Economic Offences Wing (EOW) is investigating three cases against Nanavath Bhupal Naik, a native of Telangana’s Vikarabad district. You are using an outdated browser. Please upgrade your browser to improve your experience and security. Hyderabad businessman Nanavath Bhupal Naik is accused of running a ₹670-crore investment fraud that affected about 7,400 people. Here's how he pulled out the massive fraud.