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Nalgonda College Dropout Held for Cheating Rs 50 Crore in Investment Scheme
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3 Articles
Nalgonda college dropout held for cheating Rs 50 crore in investment scheme
Hyderabad: A 26-year-old man was arrested in Nalgonda on charges of defrauding hundreds of people to the tune of a whopping Rs 50 crore. The Nalgonda police took Ramavat Balaji Nayak, a college dropout from Vaddi Patla village, into custody. Giving details about the case during a press briefing, Nalgonda superintendent of police (SP), Sharat Chandra Pawar, said that Nayak borrowed Rs 5 lakh from his relatives to start an ice cream parlour. Durin…
Nalgonda college dropout held for cheating Rs 50 crore in investment scheme - Telangana News Point %
Hyderabad, 12 October Nalgonda Man Held for Rs 50 Crore Investment Scam Nalgonda police have arrested 26-year-old Ramavat Balaji Nayak, a college dropout from Vaddi Patla village, for allegedly defrauding hundreds of people to the tune of Rs 50 crore through a fraudulent investment scheme. According to Nalgonda SP Sharat Chandra Pawar, Nayak initially borrowed Rs 5 lakh from relatives in 2020 to start an ice cream parlour. However, the business …
The Nalgonda district police have arrested the accused who committed a fraud of Rs. 50 crore in the name of high interest. Two valuable cars, property documents, promissory notes given to the victims, and 7 mobile phones were seized from him. SP Sharat Chandra Pawar revealed the details of the case at a media conference organized to this effect. Ramavat Balaji, a resident of Vaddipatla village, PA Palli mandal, said that he would start an ice …
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