Two held for cheating investors to tune of Rs 6 crore in Hyderabad

Hyderabad: The Hyderabad police arrested two persons, Nagam Uma Shankar and Kongara Anjamma, who allegedly duped several persons to the tune of Rs 6 crore on pretext of huge profits on investments in film distribution. According to the police, the duo who run a film distribution firm Shanker Films, collected Rs 6 crore from around […]

Hyderabad: The Hyderabad police arrested two persons, Nagam Uma Shankar and Kongara Anjamma, who allegedly duped several persons to the tune of Rs 6 crore on pretext of huge profits on investments in film distribution.

According to the police, the duo who run a film distribution firm Shanker Films, collected Rs 6 crore from around 25 persons over a period of time. They promised to pay huge profits on the investments in the business. However, they failed to pay to the investors.

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On a complaint the Hyderabad Central Crime Station registered a case and arrested them on Saturday.