Hyderabad Police have arrested six persons, including director of a real estate firm, in Ongole town of Andhra Pradesh on charge of cheating people under multi-level marketing money circulation schemes suspected to be involving several crores.
The accused, including D Harinath, one of directors of ‘Akshaya Gold Real Estate and Developers Pvt Ltd’ at Ongole in Prakasam district, collected money from people by promising them high returns besides offereing housing plots towards enrollment of members under the schemes, police sources said today.
The exact amount of money involved in these schemes was being ascertained, they said. Efforts were on to nab other directors of the firm which had floated seven such companies across the state. Special teams were being sent to Hyderabad and Visakhapatnam in this regard, police added.
1 Comment
Thanks 4 sharing this news with us….