ETV Bharat / state

Duo Arrested In Rs 8.5 Crore Investment Scam In Telangana

ACP Nagendrachari said that duo, both B Tech graduates developed a cryptocurrency investment app to attract the gullible investors.

Nizamabad: The Nizamabad CCS(Central Crime Station) police in Telangana has cracked a major financial scam by arresting two men who duped 125 people of Rs. 8.5 crore by promising high returns on investments, a top official said.

Addressing a presser at the CCS office on Wednesday, Assistant Commissioner of Police, Nagendrachari said the accused Mohammed Moiz Khan, of Hasmi Colony and Syed Haimad Hasan of Mohammediya Colony, are both B.Tech graduates. Seeking quick wealth, the duo studied online techniques to gain victims’ trust and established shell companies that claime

See Full Page