Marriage bureau operator arrested for cheating investors of Rs. 2 crore
The cyber crime police station, Hyderabad, arrested the proprietor of a marriage bureau on 30 March for cheating investors by promising them high returns.
By Newsmeter Network Published on 30 March 2021 2:24 PM GMT
Hyderabad: The cyber crime police station, Hyderabad, arrested the proprietor of a marriage bureau on 30 March for cheating investors by promising them high returns.
Shaik Mahmood (38) runs Al Madina Marriage Bureau which has 15 branches in Hyderabad. On 18 June 2020, a case was registered against Mahmood and four others under various sections of the IPC and the TPDEF Act 1999 at CCS, DD, Hyderabad.
The complainant had alleged that Mahmood and his accomplices had lured the complainant and 60 others to invest in his business and had assured high profit of 5 per cent per month for a period of 11 months. Mahmood said he would return the invested amount after the end of the said period. In this way, he had collected Rs. 2.28 crore.
Based on credible information, the cyber crime police arrested Mahmood on Tuesday and produced him before the court for judicial remand. Earlier, four other accused - Shakeera Begum, Maryam Fathima, Abdul Asif, and Shaik Reshma Jani Begum – were arrested in the case.
