Bhongir police arrest four persons for cheating people

Yadadri-Bhongir: Bhongir town police on Monday arrested four persons on the charges of cheating the people by collecting money in the name of investment in real estate business. The arrested were Sheik Mohammad Shakir (59), Sheik Mohammad Osman (35), Mohammed Abdul Rehaman (43) and Mohammed Abdul Rakeer (40) of Bhongir town. Disclosing the details the […]

Yadadri-Bhongir: Bhongir town police on Monday arrested four persons on the charges of cheating the people by collecting money in the name of investment in real estate business. The arrested were Sheik Mohammad Shakir (59), Sheik Mohammad Osman (35), Mohammed Abdul Rehaman (43) and Mohammed Abdul Rakeer (40) of Bhongir town. Disclosing the details the Bhongir DCP Narayana Reddy said that investigation began after a complaint from Ambothula Ramalakshmi and the gang was busted]. The modus operandi was they would lure the gullible people by offering double amount to their investment in the real estate business within three months. The gang members did not invest the money, which was collected from five persons, in any real estate business and use it their personal purposes. He said cash and gold total worth Rs 5 crore was seized from the arrested persons. Cases were filed against the arrested persons under different sections of Telangana State Protection of Depositors of Financial Establishment Act.

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