52YO man held for cheating investors of Rs 3 crores

The cyber crime police on 12 April arrested a 52-year-old man for cheating investors to the tune of Rs. 3.35 crores.

By Newsmeter Network  Published on  12 April 2021 2:54 PM GMT
52YO man held for cheating investors of Rs 3 crores

Hyderabad: The cyber crime police on 12 April arrested a 52-year-old man for cheating investors to the tune of Rs. 3.35 crores.

Turlapati Satish and his wife Gayathri collected deposits illegally from five people who had invested in their business to trade, market, and distribute pharmaceuticals and nutraceutical products. The business, under the name Unituss Life Sciences, is located at Station Road, Kachiguda, in Hyderabad.

The couple also tried to cheat people by opening a company in the name of HMA (Hyderabad Millionaire Alliance) Network Pvt. Ltd. at Hyderabad. Earlier, they were involved in a similar type of offense registered at Bahadurpura police station.

Satish was arrested on Monday and produced before the court while his wife was arrested on 19 February and sent to judicial custody.

Next Story
Share it