Hyderabad: Man arrested for cheating people on pretext of chit fund investments
The fraudster M Seetha Ramaiah , a resident of Qutbullapur started a company Somasekhara Finance Corporation Chit Fund and collected amounts from different people
Published Date - 22 October 2024, 09:14 PM
Hyderabad: The Economic Offences Wing of the Cyberabad police arrested a person for allegedly cheating people on the pretext of chit fund investments.
The fraudster M Seetha Ramaiah , a resident of Qutbullapur started a company Somasekhara Finance Corporation Chit Fund and collected amounts from different people.
He collected around Rs. 2.65 crore from public and later duped them, DCP, K Prasad said.
On a complaint, the police registered a case and arrested Ramaiah. The police advised the people to not invest in unregistered chit fund companies.
Related News
-
Cyberabad police destroy over 833 kg of seized narcotics worth Rs 5.02 crore
-
‘Why special privilege?’ Telangana HC pulls up Narsingi police over delay in arrests
-
Cyberabad Police makes anti-drug committees mandatory in educational institutions
-
Cyberabad Police advises staggered early logouts on Monday amid heavy rain forecast
