Andhra man arrested for duping, cheating public in Hyderabad

Kandula Srinivas Rao started a company ‘Well Vision Group of Companies’ and lured people into investing in the business

Hyderabad: The Cyberabad police on Tuesday arrested a man for allegedly cheating and duping people on pretext of offering huge profits on their investments.

Kandula Srinivas Rao, (44), a native of Andhra Pradesh started a company ‘Well Vision Group of Companies’ and lured people into investing in the business. He collected Rs 14 crore from 200 members and later duped them, said Cyberabad police.

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The Economic Offences Wing of Cyberabad police on a complaint registered a case and arrested Srinivas Rao. He was produced before the court.