Tiffin centre owner arrested for duping public in the name of sand mining business in Mancherial
Police in Mancherial arrested a tiffin centre owner for allegedly cheating 62 people of Rs 1.58 crore by promising high returns from water plant and sand mining businesses. His brother is absconding, and efforts are on to trace him
Mancherial: The owner of a tiffin centre was arrested on charges of duping the public by collecting Rs 1.58 crore, promising higher returns if they invested in a purified water plant and sand mining business in Bheemaram mandal centre. Another accused person is absconding.
Jaipur ACP Venkateshwarlu said Vemula Shravan Goud from Bheemaram village was apprehended for duping 62 persons under the guise of high returns in the two businesses over a period of time. A special team was formed to nab him following a case registered against him and his brother Kiran. Following a tip-off, the team nabbed him at Avadam crossroads while he was travelling on a bike.
During interrogation, Shravan reportedly confessed to investing the money raised from the public in his own business. A search is on to nab Kiran.