Three individuals were arrested in Jagtial for allegedly cheating investors through a mobile app named ‘META FUND PRO’, promising triple returns and luxury trips. Victims from Kodimial lodged complaints after the app was shut down and returns were not delivered.
Jagtial: Jagtial police arrested three persons on charges of cheating people by promising high returns . While Kasturi Rakesh Kumar from Jagtial was arrested on Friday, Singireddy Thirupathi Reddy and Veerabathini Raju of Kodimial were arrested on October 8.
While presenting the accused before the media on Friday, Superintendent of Police Ashok Kumar explained the modus operandi of the accused.
Creating a mobile application named ‘META FUND PRO’, the accused promised to provide people returns of three times the invested amount