They took cars from people on the pretext of lease and made initial payments to gain their trust. Later, they sold them to car dealers in Telangana and Andhra Pradesh at throw away rates
According to HMDA, CNN Ventures was allegedly collecting money from people promising them of plots and three BHK flats at a cheaper price in the Kokapet layout
Budumuru Nagaraju (25) a native of Srikakulam in AP, allegedly called the management of a pharmaceutical company and introduced himself as Tirupathi Reddy, the Minister's PA and assured help, but for a price
Puranam Shiva Kumari of Vijayawada in Andhra Pradesh used to take loans from people from different sections, then disappear, said CI Satyanarayana Reddy