Woman dupes investors of over Rs 10 crore in Hyderabad

Hyderabad: The Chandrayangutta police arrested a woman on charges of illegally running chit fund and money-lending businesses and cheating investors to the tune of several crores here on Friday. The suspect, a resident of Patel Nagar, had promised the gullible of higher returns for their investment and collected huge sums. However, she failed to pay […]

Hyderabad: The Chandrayangutta police arrested a woman on charges of illegally running chit fund and money-lending businesses and cheating investors to the tune of several crores here on Friday.

The suspect, a resident of Patel Nagar, had promised the gullible of higher returns for their investment and collected huge sums. However, she failed to pay the promised returns and went absconding.

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The police suspect she may have duped people to the tune of over Rs 10 crore. The case was transferred to the Hyderabad Central Crime Station.

 

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