Thursday, Sep 28, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Hyderabad | Illegal Lucky Draw Scheme Busted In Hyderabad

Illegal lucky draw scheme busted in Hyderabad

Hyderabad: The Rachakonda Police Special Operations Team busted an illegal lucky draw scheme racket and arrested two persons on charges of cheating people on Thursday. Police seized Rs.2.2 lakh, silver biscuits, gadgets and other material, altogether worth Rs.25 lakh. Officials said the two set up NISE Enterprises with a fake government registration number and cheated […]

By Telangana Today
Published Date - 07:12 PM, Fri - 18 February 22
Illegal lucky draw scheme busted in Hyderabad
Source: Twitter
whatsapp facebook twitter telegram

Hyderabad: The Rachakonda Police Special Operations Team busted an illegal lucky draw scheme racket and arrested two persons on charges of cheating people on Thursday. Police seized Rs.2.2 lakh, silver biscuits, gadgets and other material, altogether worth Rs.25 lakh.

Officials said the two set up NISE Enterprises with a fake government registration number and cheated people in the guise of gifts and prizes.

The arrested persons were Shaik Salauddin (38), a contractor from Kamala Nagar in ECIL in Kushaiguda and Shahab Mir Khan (43), a realtor from Sri Ram Colony in Jalpally in Ranga Reddy.

According to the police, the duo prepared booklets and pamphlets and gave wide publicity and attracted hundreds of investors to the fraudulent scheme.

“They collected Rs.1,000 from each person every month for 16 months. They enrolled about 3,000 persons and promised that each person would get an assured gift under the scheme,” said an official.

The suspects also secured about 35 agents to collect the premium from customers. The collection along with the bill books were handed over to the suspects, who would announce only 12 winners in a lucky draw every month.

The business was started in the month of November 2020 and another scheme was started in the month of January. The entire business for 16 months accumulated Rs.4.8 crore.

“They manipulated the scheme saying they had only 1,000 customers but they kept 3,000 tokens for the lucky draw. They did not reveal details of the winner too. After announcement of winner they called them to their office to collect the prize,” the official said.

Based on a complaint, the Kushaiguda police raided their office and nabbed the suspects.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • Illegal lucky draw
  • Rachakonda
  • Special Operations Team

Related News

  • Ganesh immersion: Rachakonda police announces traffic restrictions

    Ganesh immersion: Rachakonda police announces traffic restrictions

  • Ganesh idol immersion: 6,000 police personnel deployed on security duties, says Rachakonda CP

    Ganesh idol immersion: 6,000 police personnel deployed on security duties, says Rachakonda CP

  • Telangana: Two persons arrested in for milk adulteration

    Telangana: Two persons arrested in for milk adulteration

  • Rachakonda SOT busts ganja dealers, seizes 500 gm of substance

    Rachakonda SOT busts ganja dealers, seizes 500 gm of substance

  • Rachakonda Cybercrime unit exposes Chinese-operated loan app fraud ring

    Rachakonda Cybercrime unit exposes Chinese-operated loan app fraud ring

  • Rachakonda police apprehend two Nigerian nationals for swindling individuals

    Rachakonda police apprehend two Nigerian nationals for swindling individuals

Latest News

  • Alia Bhatt celebrates Ranbir Kapoor’s 41st birthday with heartfelt message

    15 seconds ago
  • North Korean leader urges greater nuclear weapons production in response to a ‘new Cold War’

    8 mins ago
  • PM Modi pays tribute to Lata Mangeshkar on her birth anniversary

    14 mins ago
  • US Embassy in India surpasses goal of processing one million non-immigrant visas

    23 mins ago
  • Hyderabad: Pakistan Captain Babar Azam touched by Indian fans’ support for World Cup 2023

    28 mins ago
  • Bihar: Nitish angered by English display board at school library

    30 mins ago
  • Joe Jonas, Sophie Turner debate over divorce proceedings location

    38 mins ago
  • BJP central leadership in hectic parleys with AIADMK through mediators

    45 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam