Hyderabad: Man held for cheating on pretext of chit fund business

Pullaiah has been absconding after cases were booked against him. Originally from Anantapur in Andhra Pradesh has been staying in Hyderabad for a while and doing the illegal business.

Hyderabad: The Hyderabad Central Crime Station police have reportedly arrested one person named Pullaiah, for allegedly cheating depositors to the tune of crores on the pretext of chit fund business.

Pullaiah has been absconding after cases were booked against him. Originally from Anantapur in Andhra Pradesh has been staying in Hyderabad for a while and doing the illegal business.

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As per available information, Pullaiah was arrested in Bengaluru and was shifted to Hyderabad, where he will be produced before the court and remanded in judicial custody.

Pullaiah had collected huge sums from people in the name of chit finance business in SR Nagar and Madhura Nagar and cheated them by fleeing with the money.

Victims have file complaint against Pullaiah at CCS police station. A case was booked and being investigated.