Cyberabad police nab two for cheating people in pretext of real estate investment

The arrested J Chandrashekar and Jullapalli Sunitha, started a company Amacon Developers at Madhapur and collected huge amounts of money from people towards investment.

Hyderabad: The Cyberabad police on Wednesday arrested two persons who had allegedly cheated people to the tune of several crore rupees on pretext of investment in real estate.

The arrested J Chandrashekar and Jullapalli Sunitha, started a company Amacon Developers at Madhapur and collected huge amounts of money from people towards investment. The duo promised higher returns within a short period of time and later duped the victims. To make the investors believe, they told that they possess 33 guntas of land at Chevella village and also entered into a MoU with the investors.

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On a complaint the police registered a case and arrested them.