Hyderabad man arrested for logistics franchise fraud
Police arrested a Hyderabad-based man for allegedly cheating people by offering franchises of a logistics company. The accused reportedly collected between Rs.2 lakh and Rs.19 lakh from 13 victims across Telangana, Andhra Pradesh and Chennai and used the money for personal needs.
Adilabad: A man from Hyderabad was arrested on charges of duping the public under the guise of creating business opportunities through franchises of a logistics company.
Adilabad II town inspector K Nagaraju said Chitturi Shekhar, director of Cheazi Logistics Private Limited, is a resident of Malakpet in Hyderabad.
During interrogation, Shekhar confessed to the crime of offering franchises of his company and collecting between Rs.2 lakh and Rs.19 lakh from 13 persons from different parts of Telangana, Andhra Pradesh and Chennai. He revealed that he used the money collected from the victims for personal needs.
