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.
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